Amendment #182 to H5699

Home Heating Tax Deduction Relief

Mr. Frost of Auburn moves to amend the bill by adding the following new section:-

"Chapter 62 of the General Laws, as appearing in the 2024 official edition, is hereby amended by adding the following new section:-

Section 65. Notwithstanding any general or special law, rule or regulation to the contrary, for taxable years 2026, 2027 and 2028, there shall be deducted from adjusted gross income in determining income: a deduction for the costs of home heating oil and propane for which the cost per gallon of oil exceeds $3.00, up to $1600 maximum.

The deductions may be used only for the cost of home heating oil and propane purchased between January 1, 2026 and April 30, 2028.

Any taxpayer entitled to a deduction under this section may apply the deduction in taxable year 2026 for purchases made in 2026. If the taxpayer does not take the full $1600 deduction in taxable year 2026, the taxpayer may take the remainder in taxable years 2027 or 2028.

Natural gas customers may deduct the difference in total energy costs in 2026 over what they paid in 2025, up to $1600. If the natural gas customer does not take the full $1600 deduction in taxable year 2026, they make take the remainder in taxable years 2027 or 2028.

The commissioner of revenue shall promulgate rules and regulations necessary to implement this section. The commissioner shall also include in such rules and regulations eligibility provisions for a taxpayer who owns a condominium or a cooperative dwelling and for whom such purchases are accounted for in a common area fee or special assessment against such costs as may be reasonably attributed to the percentage ownership share of the condominium or cooperative dwelling costs; and provided further, that the commissioner shall also include in such rules and regulations eligibility provisions for a taxpayer who rents a residential dwelling and for whom such purchases are accounted for in the rent and provisions that account for multiple renters in a residential dwelling. The department shall file a copy of any rules and regulations with the clerks of the senate and house of representatives and with the joint committee on revenue."

Additional co-sponsor(s) added to Amendment #182 to H5699

Home Heating Tax Deduction Relief