SECTION 1. Subparagraph (7) of paragraph (a) of part B of Section 3 of chapter 62 of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by inserting in line 78 after the figure “2002” the following:
“and may not exceed a total of $7,400 if there is one qualifying individual with respect to the taxpayer, or $12,300 if there are two or more qualifying individuals with respect to the taxpayer for taxable years beginning on or after January 1, 2013.
SECTION 2. Subparagraph (8) of paragraph (a) of part B of said section 3 of said chapter 62 of the General Laws, as so appearing, is hereby amended by adding the following sentence:- "If the taxpayer is a single person with adjusted gross income of not more than $45,000 or joint filers with adjusted gross income of not more than $75,000, the deduction available under this section shall be $4,300 if there is 1 dependent with respect to the taxpayer, or $8,600 if there are 2 or more such dependents with respect to the taxpayer."
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.