By Mr. Velis, a petition (accompanied by bill, Senate, No. 2098) of John C. Velis for legislation to incentivize public service by offering a tax credit. Revenue.
By Mr. O'Connor, a petition (accompanied by bill, Senate, No. 2053) of Patrick M. O'Connor for legislation to establish a tax credit for individuals paying for home health care and hospice. Revenue.
This bill creates a refundable tax credit for commuters driving for work, education, medical appointments, or volunteer service with qualifying charities. It allows a credit of 58.5 cents per mile driven, capped at $5,000 annually per taxpayer. The credit would take effect January 1, 2025, but the law would automatically expire on January 1, 2026, making it a temporary measure. It directly affects individuals with commuting costs meeting the specified criteria.
By Mr. Eldridge, a petition (accompanied by bill, Senate, No. 1975) of James B. Eldridge and Joanne M. Comerford for legislation to improve the earned income credit for healthier families. Revenue.
By Mr. Tarr, a petition (accompanied by bill, Senate, No. 2077) of Bruce E. Tarr for legislation relative to tax credits for affordable housing. Revenue.
S 2030, "An Act for a literacy tax credit," would create a tax credit for expenses related to literacy education programs. Eligible taxpayers could reduce their state tax liability for qualifying costs, such as fees for literacy courses or materials. This credit would directly affect individuals and organizations investing in literacy initiatives. As a revenue measure, it would impact state tax collections by reducing the amount owed.
By Mr. Kennedy, a petition (accompanied by bill, Senate, No. 2025) of Edward J. Kennedy for legislation to establish the Massachusetts student relief and retention tax credit. Revenue.
By Mr. Montigny, a petition (accompanied by bill, Senate, No. 2042) of Mark C. Montigny for legislation relative to economic development tax credits. Revenue.