HOUSE DOCKET, NO. 392        FILED ON: 1/21/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2987

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Jay D. Livingstone

_________________

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:

Date Added:

Jay D. Livingstone

8th Suffolk

1/21/2021


HOUSE DOCKET, NO. 392        FILED ON: 1/21/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2987

By Mr. Livingstone of Boston, a petition (accompanied by bill, House, No. 2987) of Jay D. Livingstone relative to providing for income tax rental deductions to certain resident shareholders of housing cooperatives.  Revenue.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2544 OF 2019-2020.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Second General Court
(2021-2022)

_______________

 

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.