MA H3127

Allows Massachusetts renters to deduct 50% of rent paid on their principal residence from state taxes, with a maximum deduction of $4,100 for single filers, heads of household, or married couples

Limits eligibility to households earning no more than 100% of area median income as defined by HUD

Includes annual cost-of-living adjustments to the deduction cap based on consumer price index changes from the 2021 baseline

Applies retroactively to taxable years beginning on or after January 1, 2022

Amends Section 3(B)(a)(9) of Chapter 62 of the Massachusetts General Laws governing rental payment tax deductions