HOUSE DOCKET, NO. 879 FILED ON: 1/14/2015
HOUSE . . . . . . . . . . . . . . . No. 2608
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The Commonwealth of Massachusetts
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PRESENTED BY:
Brian R. Mannal
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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 taxation after a short-sale of a mortgaged property.
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PETITION OF:
Name: | District/Address: | Date Added: |
Brian R. Mannal | 2nd Barnstable | 1/14/2015 |
Timothy R. Whelan | 1st Barnstable | 2/3/2015 |
HOUSE DOCKET, NO. 879 FILED ON: 1/14/2015
HOUSE . . . . . . . . . . . . . . . No. 2608
By Mr. Mannal of Barnstable, a petition (accompanied by bill, House, No. 2608) of Brian R. Mannal and Timothy R. Whelan relative to taxable income after the short sale of mortgaged property. Revenue. |
The Commonwealth of Massachusetts
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In the One Hundred and Eighty-Ninth General Court
(2015-2016)
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An Act relative to taxation after a short-sale of a mortgaged property.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Notwithstanding any law or special law to the contrary, a deficiency in a mortgage after disclosure shall not be considered income for the purpose of Massachusetts taxation and shall not be taxed as income of the mortgager or under any other tax category.