The Commonwealth of Massachusetts
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PETITION OF:
The Commonwealth of Massachusetts
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PETITION OF:
Richard R. Tisei
Paul J. P. Loscocco
Bruce E. Tarr
Mary S. Rogeness
George N. Peterson, Jr.
John A. Lepper
Viriato Manuel deMacedo
Lewis G. Evangelidis
F. Jay Barrows
Scott P. Brown
Paul K. Frost
Susan Williams Gifford
Robert S. Hargraves
Robert L. Hedlund
Bradford Hill
Donald F. Humason, Jr.
Michael R. Knapik
Jeffrey Davis Perry
Elizabeth A. Poirier
Karyn E. Polito
Richard J. Ross
Todd M. Smola
Daniel K. Webster
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In the Year Two Thousand and Seven.
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Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Paragraph (a) of Part B of section 3 of chapter 62 of the General Laws, as most recently amended by section 42 of chapter 139 of the Acts of 2006, is hereby amended by inserting after subparagraph (15) the following new subparagraphs:-
(16) An amount equal to the qualified residence interest, as defined in section one hundred and sixty-three of the Code; provided, however, that such deduction shall not exceed $6,000. The deduction shall apply to a single person, head of household or a married person filing a separate return or a husband and wife filing a joint return; provided that said qualified residence shall be occupied by the taxpayer as his or her domicile.
(17) An amount equal to property or casualty insurance costs for real property; provided, however, that such deduction shall not exceed $500. The deduction shall apply to a single person, head of household or a married person filing a separate return or a husband and wife filing a joint return; provided that said real property shall be occupied by the taxpayer as his or her domicile.
(18) An amount equal to the aggregate home utility costs for real property, including water, sewer, electricity, home heating oil, natural gas, and propane; provided, however, such deduction shall not exceed $2,500. The deduction shall apply to a single person, head of household or a married person filing a separate return or a husband and wife filing a joint return; provided that said real property shall be occupied by the taxpayer as his or her domicile.
SECTION 2. Subparagraph (9) of Paragraph (a) of Part B of section 3 of chapter 62 of the General Laws, as so appearing, is hereby amended by striking out the figure “3,000”, in line 104, and inserting in place thereof the figure:- 4,500
SECTION 3. Subparagraph (11) of Paragraph (a) of Part B of section 3 of chapter 62 of the General Laws, as so appearing, is hereby amended by inserting after the word “payments”, in line 111, the following:-
, and other expenses directly related to undergraduate or graduate enrollment,
SECTION 4. Subparagraph (11) of Paragraph (a) of Part B of section 3 of chapter 62 of the General Laws, as so appearing, is hereby further amended by striking out “ a two or four-year college”, in line 112, and inserting in place thereof the following:-
an institution of higher learning
SECTION 5. Subparagraph (11) of Paragraph (a) of Part B of section 3 of chapter 62 of the General Laws, as so appearing, is hereby further amended by striking out “twenty-five”, in line 115, and inserting in place thereof the following:- 15
SECTION 6. Subparagraph (12) of Paragraph (a) of Part B of section 3 of chapter 62 of the General Laws, as so appearing, is hereby amended by striking out “a two-year or four-year college”, in lines 120 and 121, and inserting in place thereof the following:-
an institution of higher learning
SECTION 7. Subparagraph (12) of Paragraph (a) of Part B of section 3 of chapter 62 of the General Laws, as so appearing, is hereby further amended by inserting after the word “undergraduate”, in lines 123 and 127, the following words:-
or graduate
SECTION 8. Subparagraph (7) of Paragraph (a) of Part B of section 3 of chapter 62 of the General Laws, as so appearing, is hereby amended by inserting after “2002”, in line 78, the following:-
and may not exceed a total of $5,520 if there is one qualifying individual with respect to the taxpayer, or $11,040 if there are two or more qualifying individuals with respect to the taxpayer for taxable years beginning on or after January 1, 2007
SECTION 9. Part B of section 3 of chapter 62 of the General Laws, as so appearing, is hereby amended by inserting after the word “exemptions”, in lines 25 and 26, the following:-
; provided, no deduction shall be allowed under subparagraphs (16), (17), and (18) of paragraph (a) if a personal exemption is claimed under paragraph (b)