Budget & Taxes

introduced · Massachusetts · House

HD 3050: An Act to promote adoption

This bill creates a refundable tax credit for adoptive parents in Massachusetts. It provides $2,500 per adopted child from foster care and $2,000 per adopted child from private or public adoption agencies, refundable against state income taxes. The credit covers expenses like agency fees, attorney fees, court costs, and medical copayments directly related to adopting a minor child. It directly affects adoptive parents who pay these costs through licensed agencies or foster care systems. The change modifies existing tax law to expand and clarify eligible adoption-related expenses.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit ($2,000-$2,500) for adoptive parents, reducing tax liability for families covering adoption costs, aligning with tax relief for middle/lower income.90% confidence

Sub-Topics Tax Credits

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introduced · Massachusetts · House

HD 3044: An Act relative to property tax relief for 100% disabled veterans

This bill (HD 3044) provides full property tax exemption for 100% disabled veterans who own or have property deeded to them or their spouse, as their primary residence. It replaces the previous system that limited tax relief to $1,500 or a portion of a specially adapted housing grant. The key change is granting complete exemption from property taxes on the veteran's primary residence, rather than a capped dollar amount. This directly affects qualifying veterans with 100% service-connected permanent total disability who reside in the property they own or hold title to.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides full property tax exemption for disabled veterans, expanding relief beyond previous $1,500 cap, aligning with tax relief for lower-income groups.90% confidence ✓ VeteransSupports VeteransProvides full property tax exemption for 100% disabled veterans, replacing capped $1,500 relief with complete exemption - directly expands benefits.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Housing

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introduced · Massachusetts · House

HD 1112: An Act enabling a local option for a real estate transfer fee to fund affordable housing

HD 1112 allows Massachusetts cities and towns to implement a real estate transfer fee on property sales to fund affordable housing. The fee, collected by settlement agents during property closings, would be directed to municipal or regional housing trust funds. These funds must be used for acquiring, constructing, rehabilitating, or preserving housing for low- and moderate-income households (as defined by HUD). The bill provides definitions for key terms like "affordable housing purposes" and "settlement agent" to ensure consistent implementation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates new real estate transfer fee (tax) to fund affordable housing programs, directly increasing public spending on housing through dedicated revenue streams.95% confidence ✓ HousingSupports HousingBill creates local real estate transfer fee to fund affordable housing for low/moderate-income households via municipal trust funds, directly advancing housing affordability.95% confidence

Sub-Topics Affordable Housing Housing Finance

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passed · Massachusetts · Senate Feb 27, 2025

SD 911: An Act establishing a child care tax credit in the Commonwealth

By Mr. Fattman, a petition (accompanied by bill, Senate, No. 1987) of Ryan C. Fattman and Bruce E. Tarr for legislation to establish a child care tax credit in the Commonwealth. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes child care tax credit, providing tax relief for families, aligning with support indicators for middle-income tax relief90% confidence

Sub-Topics Tax Credits

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introduced · Massachusetts · House

HD 3806: An Act relative to increasing 529 deductions

This bill increases tax deductions for contributions to 529 college savings plans. It raises the annual deduction limit from $1,000 to $5,000 for single filers and from $2,000 to $10,000 for married couples filing jointly. The change directly affects Massachusetts taxpayers who use 529 plans to save for education expenses, allowing them to reduce their taxable income by larger amounts. The policy change simplifies the tax benefit by adjusting these specific dollar limits in the state tax code.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax deductions for 529 plans, providing direct tax relief to Massachusetts taxpayers by raising deduction limits and reducing taxable income.95% confidence ✓ EducationSupports EducationIncreases tax deductions for 529 college savings plans, enhancing financial access to higher education through expanded tax benefits for families.95% confidence

Sub-Topics Higher Education

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passed · Massachusetts · Senate Feb 27, 2025

SD 166: An Act relative to exempting certain medical supplies from the state sales tax

By Mr. Tarr, a petition (accompanied by bill, Senate, No. 2078) of Bruce E. Tarr for legislation to exempt certain medical supplies from the state sales tax. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts medical supplies from sales tax, providing tax relief for essential healthcare items, aligning with support indicators.95% confidence ✓ HealthcareSupports HealthcareExempts medical supplies from sales tax, reducing costs and improving access to essential healthcare items95% confidence

Sub-Topics Sales Tax

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passed · Massachusetts · Senate Feb 27, 2025

SD 123: An Act establishing a college tuition tax deduction

By Mr. Moore, a petition (accompanied by bill, Senate, No. 2045) of Michael O. Moore for legislation to establish a college tuition tax deduction. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes a college tuition tax deduction, providing tax relief for families and aligning with fiscal responsibility indicators.95% confidence ✓ EducationSupports EducationEstablishes college tuition tax deduction, reducing financial barriers for higher education access and expanding affordability for students.95% confidence

Sub-Topics Income Tax

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passed · Massachusetts · Senate Feb 27, 2025

SD 1874: An Act excluding the Segal AmeriCorps Educational Award from taxable income

By Mr. Driscoll, a petition (accompanied by bill, Senate, No. 1963) of William J. Driscoll, Jr. relative to excluding the Segal AmeriCorps Educational Award from taxable income. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes AmeriCorps educational award from taxable income, providing tax relief for recipients (typically lower-income individuals).95% confidence

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passed · Massachusetts · Senate Feb 27, 2025

SD 1407: An Act establishing a tiered corporate minimum tax

By Mr. Gomez, a petition (accompanied by bill, Senate, No. 2015) of Adam Gomez, Michael J. Barrett and Manny Cruz for legislation to establish a tiered corporate minimum tax. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tiered corporate minimum tax to generate revenue, closing loopholes and promoting fiscal responsibility for state budget.95% confidence

Sub-Topics Business Taxes

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passed · Massachusetts · Senate Feb 27, 2025

SD 184: An Act relative to the creation of a super research and development tax credit

By Mr. Tarr, a petition (accompanied by bill, Senate, No. 2080) of Bruce E. Tarr for legislation to create a super research and development tax credit. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates an R&D tax credit, reducing taxable income for businesses, aligning with tax relief and fiscal incentives for innovation.95% confidence

Sub-Topics Tax Incentives

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