HOUSE DOCKET, NO. 3241 FILED ON: 1/20/2017
HOUSE . . . . . . . . . . . . . . . No. 3312
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The Commonwealth of Massachusetts
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PRESENTED BY:
Josh S. Cutler
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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: |
Josh S. Cutler | 6th Plymouth | 1/20/2017 |
Paul R. Heroux | 2nd Bristol |
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HOUSE DOCKET, NO. 3241 FILED ON: 1/20/2017
HOUSE . . . . . . . . . . . . . . . No. 3312
By Mr. Cutler of Duxbury, a petition (accompanied by bill, House, No. 3312) of Josh S. Cutler and Paul R. Heroux relative to taxable income after the short sale of mortgaged property. Revenue. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2608 OF 2015-2016.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninetieth General Court
(2017-2018)
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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.