To exclude Chapter 115 payments to veterans from gross household income calculation
Impact
If enacted, this bill would allow veteran households to exclude these healthcare reimbursement payments when calculating their gross household income. This change is likely to enhance the economic welfare of veterans by ensuring that they have greater access to financial support without the burden of having their healthcare costs factored into their income assessments. Such a policy could potentially lead to improved living conditions for veterans who rely on these reimbursements to cover necessary healthcare expenses.
Summary
House Bill 3506 seeks to amend the Massachusetts General Laws by excluding certain payments received by veterans, specifically those related to reimbursement for out-of-pocket healthcare costs, from the gross household income calculations. This legislation is aimed at improving the financial situation of veterans and ensuring that their healthcare expenses do not adversely affect their eligibility for state assistance programs. The bill specifically modifies Section 5, Part 1, Chapter 115 of the General Laws.
Contention
Notable points of contention may arise regarding the financial implications of this amendment on the state budget and public assistance programs. While supporters argue that excluding healthcare costs is a necessary step to support those who served the country, opponents may voice concerns about the potential increase in state expenditure resulting from expanded eligibility for assistance programs. Legislators will likely debate the balance between providing necessary assistance to veterans and managing overall fiscal responsibility.
Creating a 'Chapter 62F calculations' study group of fiscal harms caused by excluding new local tax revenue from "allowable state tax revenue" calculations and other such calculations
Creating a 'Chapter 62F calculations' study group of fiscal harms caused by excluding new local tax revenue from "allowable state tax revenue" calculations and other such calculations