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| 2 | 2 | | HOUSE DOCKET, NO. 716 FILED ON: 1/17/2023 |
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| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 2959 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Chynah Tyler |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act allowing for a tax credit for rent paid on the personal residence of the taxpayer. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Chynah Tyler7th Suffolk1/17/2023 1 of 2 |
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| 16 | 16 | | HOUSE DOCKET, NO. 716 FILED ON: 1/17/2023 |
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| 17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 2959 |
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| 18 | 18 | | By Representative Tyler of Boston, a petition (accompanied by bill, House, No. 2959) of Chynah |
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| 19 | 19 | | Tyler for legislation to authorize tax credits for rent paid on personal residences of taxpayers. |
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| 20 | 20 | | Revenue. |
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| 21 | 21 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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| 22 | 22 | | SEE HOUSE, NO. 3078 OF 2021-2022.] |
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| 23 | 23 | | The Commonwealth of Massachusetts |
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| 24 | 24 | | _______________ |
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| 25 | 25 | | In the One Hundred and Ninety-Third General Court |
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| 26 | 26 | | (2023-2024) |
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| 27 | 27 | | _______________ |
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| 28 | 28 | | An Act allowing for a tax credit for rent paid on the personal residence of the taxpayer. |
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| 29 | 29 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 30 | 30 | | of the same, as follows: |
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| 31 | 31 | | 1 Section 3 of chapter 62 of the General Laws is hereby amended by striking out subsection |
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| 32 | 32 | | 2B(a)(9) and inserting in place thereof the following subsection:- |
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| 33 | 33 | | 3 In the case of an individual who pays rent for his principal place of residence in excess of |
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| 34 | 34 | | 430 percent of the taxpayer’s gross income for such taxable year and such residence is located in |
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| 35 | 35 | | 5the commonwealth, an amount equal to the applicable percentage of such excess as follows: |
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| 36 | 36 | | 6 (i) 100% for an individual whose gross income is not over $25,000, (ii) 75% for an |
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| 37 | 37 | | 7individual whose gross income is over $25,000, but not over $50,000, (iii) 50% for an individual |
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| 38 | 38 | | 8whose gross income is over $50,000, but not over $75,000, (iv) 25% for an individual whose |
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| 39 | 39 | | 9gross income is over $75,000, but not over $100,000, or (v) a deduction not to exceed $3,000 for 2 of 2 |
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| 40 | 40 | | 10a single person, for a person that qualifies as a head of household under section two (b) of the |
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| 41 | 41 | | 11Code, or for a husband and wife that together make over $100,000 in gross income. |
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| 42 | 42 | | 12 The term “rent” shall include any amount paid for utilities of a type taken into account for |
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| 43 | 43 | | 13purposes of determining the standard utility allowance, but for purposes of determining the |
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| 44 | 44 | | 14amount of credit allowed under this subsection rent shall be capped at 125% of the fair market |
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| 45 | 45 | | 15rent (including the standard utility allowance) as determined by the United States Department of |
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| 46 | 46 | | 16Housing and Urban Development. |
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| 47 | 47 | | 17 SECTION 2. This act shall take effect for tax years beginning on or after January 1, |
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| 48 | 48 | | 182024. |
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