MA H3046

Creates a $4,000 state income tax exemption for taxpayers who provide more than half the support for an elderly relative age 70 or older

Requires the elderly relative to reside with the taxpayer for more than 6 months of the taxable year

Income eligibility caps set at $30,000 adjusted gross income for single filers and $40,000 for joint filers

Effective for taxable years beginning January 1, 2027

Amends Chapter 62 of Massachusetts General Laws governing personal income tax exemptions