HOUSE DOCKET, NO. 4187 FILED ON: 3/2/2023
HOUSE . . . . . . . . . . . . . . . No. 3882
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The Commonwealth of Massachusetts
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PRESENTED BY:
Tackey Chan
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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 increasing interest rate deductions.
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PETITION OF:
Name: | District/Address: | Date Added: |
Tackey Chan | 2nd Norfolk | 2/21/2023 |
Kate Donaghue | 19th Worcester | 3/30/2023 |
Hannah Kane | 11th Worcester | 3/31/2023 |
Steven S. Howitt | 4th Bristol | 3/31/2023 |
David Allen Robertson | 19th Middlesex | 4/3/2023 |
Norman J. Orrall | 12th Bristol | 4/5/2023 |
Vanna Howard | 17th Middlesex | 7/2/2023 |
HOUSE DOCKET, NO. 4187 FILED ON: 3/2/2023
HOUSE . . . . . . . . . . . . . . . No. 3882
By Representative Chan of Quincy, a petition (subject to Joint Rule 12) of Tackey Chan and others relative to increasing interest rate deductions. Revenue. |
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act relative to increasing interest rate deductions.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Section 3 of chapter 62 of the General Laws, as appearing in the 2020 Official Edition, is hereby amended by striking out, in lines 64-68, subparagraph (6) of paragraph (a) of subsection B and inserting in place thereof the following subparagraph:-
(6) Interests and dividends in the amount of five hundred dollars for a single person, head of household or a married person filing a separate return or one thousand dollars for a husband and wife filing a joint return from savings deposits, savings accounts, shares or share savings accounts included in Part B gross income.