1 of 1
HOUSE DOCKET, NO. 4187 FILED ON: 3/2/2023
HOUSE . . . . . . . . . . . . . . . No. 3882
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Tackey Chan
_________________
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 relative to increasing interest rate deductions.
_______________
PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Tackey Chan2nd Norfolk2/21/2023Kate Donaghue19th Worcester3/30/2023Hannah Kane11th Worcester3/31/2023Steven S. Howitt4th Bristol3/31/2023David Allen Robertson19th Middlesex4/3/2023Norman J. Orrall12th Bristol4/5/2023 1 of 1
HOUSE DOCKET, NO. 4187 FILED ON: 3/2/2023
HOUSE . . . . . . . . . . . . . . . No. 3882
By Representative Chan of Quincy, a petition (subject to Joint Rule 12) of Tackey Chan and
others relative to increasing interest rate deductions. Revenue.
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Third General Court
(2023-2024)
_______________
An Act relative to increasing interest rate deductions.
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 3 of chapter 62 of the General Laws, as appearing in the 2020 Official Edition, is
2hereby amended by striking out, in lines 64-68, subparagraph (6) of paragraph (a) of subsection
3B and inserting in place thereof the following subparagraph:-
4 (6) Interests and dividends in the amount of five hundred dollars for a single person, head
5of household or a married person filing a separate return or one thousand dollars for a husband
6and wife filing a joint return from savings deposits, savings accounts, shares or share savings
7accounts included in Part B gross income.