SENATE DOCKET, NO. 489        FILED ON: 1/17/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1520

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

James B. Eldridge

_________________

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 protecting the interests of housing cooperative shareholders.

_______________

PETITION OF:

 

Name:

District/Address:

 

James B. Eldridge

Middlesex and Worcester

 

William N. Brownsberger

Second Suffolk and Middlesex

2/1/2017

Patricia D. Jehlen

Second Middlesex

2/3/2017


SENATE DOCKET, NO. 489        FILED ON: 1/17/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1520

By Mr. Eldridge, a petition (accompanied by bill, Senate, No. 1520) of James B. Eldridge, William N. Brownsberger and Patricia D. Jehlen for legislation to protect the interests of housing cooperative shareholders.  Revenue.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninetieth General Court
(2017-2018)

_______________

 

An Act protecting the interests of housing cooperative shareholders.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Section 3 of chapter 62 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by inserting after the word “wife.”, in line 111, the following words:- Said deduction shall be available to a resident shareholder of a housing cooperative organized under chapter 156B or chapter 157 who has resided in his or her cooperative unit throughout the tax year and has not claimed a deduction for real estate taxes or mortgage interest on the resident shareholder’s federal income tax return.