1 of 1
HOUSE DOCKET, NO. 3988 FILED ON: 1/20/2023
HOUSE . . . . . . . . . . . . . . . No. 2882
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Adrian C. Madaro
_________________
To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act promoting housing affordability through tax relief.
_______________
PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Adrian C. Madaro1st Suffolk1/20/2023 1 of 3
HOUSE DOCKET, NO. 3988 FILED ON: 1/20/2023
HOUSE . . . . . . . . . . . . . . . No. 2882
By Representative Madaro of Boston, a petition (accompanied by bill, House, No. 2882) of
Adrian C. Madaro promoting housing affordability through tax relief. Revenue.
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Third General Court
(2023-2024)
_______________
An Act promoting housing affordability through tax relief.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 SECTION 1. Section 6 of chapter 62 of the General Laws, as amended by chapter 179 of
2the acts of 2022, is hereby amended by inserting after subsection (bb) the following subsection:-
3 (cc)(1) As used in this subsection, the following words shall have the following meanings
4unless the context clearly requires otherwise:
5 “Department”, the United States Department of Housing and Urban Development.
6 “Qualified residential rental property”, any unsubsidized 2- to 4-unit residential rental
7property located in the commonwealth.
8 “Qualified rental unit”, a tenant-occupied unit in a qualified residential rental property
9with a rent, including utilities, that does not exceed the maximum HOME rent limits for the
10participating jurisdiction as defined by the Department; provided, however, that “qualified rental
11unit” shall not include a unit rented to immediate family members or dependents of the qualified
12residential rental property owner. 2 of 3
13 “Qualified tenant”, a household with an income no greater than 70 per cent of the area
14median income as defined by the Department, an individual 62 years of age or older or a
15household with at least 1 member under the age of 18.
16 (2) Any resident who is an owner of a qualified residential rental property and who is not
17a dependent of another taxpayer shall be allowed a credit for the difference between the
18maximum HOME rent limit for the participating jurisdiction as defined by the Department and
19the amount charged in rent; provided, however, that the credit shall not exceed $2,000 for each
20qualified rental unit; provided further, that the resident shall not be allowed a credit under this
21subsection for more than 6 qualified rental units; provided further, that the credit allowed under
22this subsection may be in addition to any other credits, exemptions or other tax benefits allowed
23by federal or state law and local ordinances. The credit shall be calculated based on the number
24of months the qualified rental unit is rented to a qualified tenant; provided, however, that joint
25owners of a qualified residential rental property shall share any credit available to the property
26under this subsection in the same proportion as their ownership interest.
27 Any taxpayer entitled to this credit for any taxable year, the amount of which exceeds the
28taxpayer’s total tax due for the then current taxable year, may carry over the excess amount, as
29reduced from year to year, and apply the excess amount to the taxpayer’s tax liability for any 1
30or more of the next succeeding 3 taxable years; provided, however, that in no taxable year may
31the amount of the credit allowed exceed the total tax due of the taxpayer for the relevant taxable
32year.
33 (3) The commissioner shall promulgate regulations necessary to carry out this subsection. 3 of 3
34 SECTION 2. The second paragraph of section 62A of chapter 60 of the General
35Laws is hereby amended by striking out the words “25 per cent” and inserting in place thereof
36the following words: -up to 25 per cent of the amount needed to redeem the parcel or such lesser
37percentage as the ordinance or bylaw may specify.
38 SECTION 3. This act shall be effective for tax years beginning on or after
39January 1, 2023.