SECTION 1. Section 25 of Chapter 23B of the General Laws, as appearing in the 2020 Official Edition, is hereby amended by striking the definition of the term “Annual Income” and inserting in place thereof the following:-

“Annual Income”, a person or family’s gross annual income less the following expenses:

(a) payments made towards student loan payments and payments made to licensed child care providers up to an annual combined deduction of $10,000;

(b) reasonable allowances for dependents, other than spouse; and 

(c) medical expenses.  

SECTION 2. Section 38D of Chapter 121B of the General Laws, as appearing in the 2020 Official Edition, is hereby amended by striking the definition of the term “Low or moderate income household” and inserting in place thereof the following:-

“Low or moderate income household”, a household with a gross income of not more than 80 per cent of the area median household income as most recently determined by the United States Department of Housing and Urban Development, adjusted for household size less payments made towards student loan payments and payments made to licensed child care providers up to an annual combined deduction of $10,000; provided, however, that in Nantucket or Dukes county ''low or moderate income household'' shall mean persons and households earning less than 150 per cent of Nantucket county or the county of Dukes County median household income as reported from time to time by the United States Department of Housing and Urban Development.