Massachusetts 2023-2024 Regular Session

Massachusetts Senate Bill S1913 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1 of 1
2	2	SENATE DOCKET, NO. 357 FILED ON: 1/13/2023
3	3	SENATE . . . . . . . . . . . . . . No. 1913
4	4	The Commonwealth of Massachusetts
5	5	_________________
6	6	PRESENTED BY:
7	7	Patrick M. O'Connor
8	8	_________________
9	9	To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
10	10	Court assembled:
11	11	The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
12	12	An Act relative to middle class economic relief.
13	13	_______________
14	14	PETITION OF:
15	15	NAME:DISTRICT/ADDRESS :Patrick M. O'ConnorFirst Plymouth and Norfolk 1 of 4
16	16	SENATE DOCKET, NO. 357 FILED ON: 1/13/2023
17	17	SENATE . . . . . . . . . . . . . . No. 1913
18	18	By Mr. O'Connor, a petition (accompanied by bill, Senate, No. 1913) of Patrick M. O'Connor for
19	19	legislation relative to middle class economic relief. Revenue.
20	20	[SIMILAR MATTER FILED IN PREVIOUS SESSION
21	21	SEE SENATE, NO. 1960 OF 2021-2022.]
22	22	The Commonwealth of Massachusetts
23	23	_______________
24	24	In the One Hundred and Ninety-Third General Court
25	25	(2023-2024)
26	26	_______________
27	27	An Act relative to middle class economic relief.
28	28	Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
29	29	of the same, as follows:
30	30	1 SECTION 1. Section 6 of Chapter 62 of the General Laws is hereby amended by
31	31	2inserting after subsection (p) the following new subsection:-
32	32	3 (q) A credit for child care services expenses paid by the taxpayer shall be allowed against
33	33	4the tax liability imposed by this chapter, for a taxpayer filing single, married filing jointly or
34	34	5head of household. Said child care service must be a provider licensed by the Commonwealth in
35	35	6order to qualify for the tax credit. The child receiving child care services must be a dependent of
36	36	7the taxpayer. The total credit allowable per tax year shall not exceed three thousand dollars per
37	37	8child. Only one taxpayer of the two taxpayers who file jointly married filing shall be eligible to
38	38	9qualify for the tax credit. 2 of 4
39	39	10 SECTION 2. Notwithstanding any general or special law, rule regulation to the contrary,
40	40	11for taxable years 2020 and 2021, up to $1000 may be deducted from adjusted gross income for
41	41	12the cost of home heating oil, natural gas, and propane paid by single persons if the taxpayer's
42	42	13total annual adjusted gross income is equal to or less than $18,000, or if qualifying joint filers
43	43	14who qualify as a head household have a total annual adjusted gross income equal to or less than
44	44	15$40,000.
45	45	16 (a) The deductions may be used only for the cost of home heating oil, natural gas and
46	46	17propane purchased between November 1, 2023 and March 31, 2024.
47	47	18 (b) Any taxpayer entitled to a deduction under this section may apply the deduction in
48	48	19taxable year 2023 for purchases made in 2023. If the taxpayer does not take the full $1000
49	49	20deduction in taxable year 2023, the taxpayer may take the remainder in taxable year 2024 for
50	50	21purchases made in 2024 through March 31, 2024.
51	51	22 (c) The commissioner of revenue shall promulgate rules and regulations necessary to
52	52	23implement this section. The commissioner shall also include in such rules and regulations
53	53	24eligibility provisions for a taxpayer who owns a condominium or a cooperative dwelling and for
54	54	25whom such purchases are accounted for in a common area fee or special assessment against such
55	55	26costs as may be reasonably attributed to the percentage ownership share of the condominium or
56	56	27cooperative dwelling costs; and provided further, that the commissioner shall also include in
57	57	28such rules and regulations eligibility provisions for a taxpayer who rents a residential dwelling
58	58	29and for whom such purchases are accounted for in the rent and provisions that account for
59	59	30multiple renters in a residential dwelling. The department shall file a copy of any rules and 3 of 4
60	60	31regulations with the clerks of the senate and House of Representatives and with the joint
61	61	32committee on revenue.
62	62	33 SECTION 3. Chapter 62 is hereby amended in Section 6 by inserting at the end thereof
63	63	34after subsection (q) the following new subsection:-
64	64	35 (r) A credit shall be allowed against the tax liability imposed by this chapter for in an
65	65	36amount up to 20 per cent of the cost of qualified tuition and fees for higher education. The credit
66	66	37under this subsection shall be allowed for the taxable year in which the expenses are incurred;
67	67	38provided, that said credit shall not exceed $5,000 in any tax year and any excess credit may be
68	68	39applied over the following seven subsequent tax years.
69	69	40 SECTION 4. Chapter 62 is hereby amended in Section 3 by striking paragraph (B)(a)(13)
70	70	41and inserting thereof the following paragraph:-
71	71	42 (13) An amount equal to the amount of the charitable contribution deduction allowed or
72	72	43allowable to the taxpayer under section 170 of the Code. All requirements, conditions and
73	73	44limitations applicable to charitable contributions under the Code shall apply for purposes of
74	74	45determining the amount of the deduction under this subparagraph, except that taxpayers shall not
75	75	46be required to itemize their deductions in their federal income tax returns.
76	76	47 SECTION 5. The Commonwealth, through the Executive Office of Housing and
77	77	48Economic Development, shall institute a pilot program to offer a competitive grant program for
78	78	49startup companies owned by Massachusetts residents and business owners. For the purposes of
79	79	50this section, “startup company” shall be defined as a newly emerged business venture that aims
80	80	51to develop a viable business model to meet a marketplace need. The pilot program shall aim to
81	81	52provide ten grants totaling $500,000 to eligible startup companies who apply for the grant. The 4 of 4
82	82	53Executive Office of Housing Economic Development shall promulgate parameters of eligibility
83	83	54and guidelines for application to the grant program, provided that the program be open for
84	84	55application no later than December 1, 2024, and the funding be awarded to selected winners no
85	85	56later than July 1, 2025. The Executive Office of Housing an Economic Development shall submit
86	86	57a report to the Clerks of the House and Senate detailing the progress of the pilot program as well
87	87	58as the economic consequences of the grants on the recipient startup companies no later than July
88	88	591, 2026.