By Mr. Frost of Auburn, petition (accompanied by bill, House, No. 2911) of Paul K. Frost for legislation to provide an income tax deduction for the excessive costs of prescription drugs.  Revenue.

The Commonwealth of Massachusetts

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PETITION OF:

Paul K. Frost

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In the Year Two Thousand and Seven.

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An Act providing for an income tax deduction for prescription drug costs.

    Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Paragraph (a) of part B of Section 3 of chapter 62 of the General Laws, as appearing in the 2000 Official Edition, is hereby amended by adding the following subparagraph:—
(14) An amount equal to the amount by which payments by the taxpayer for prescription drugs exceeds 71/2 per cent of the taxpayers Massachusetts adjusted gross income, exclusive of this deduction.