Massachusetts H3165 allows tax deductions for housing cooperative shareholders who meet residency and tax filing criteria.

Massachusetts H3165 amends the state's General Laws to provide tax deductions for resident shareholders of housing cooperatives organized under chapter 156B or 157. These deductions are available to those who have lived in their cooperative unit throughout the tax year and have not claimed deductions for real estate taxes or mortgage interest on their federal income tax return. This bill aims to protect the interests of housing cooperative shareholders by offering them a specific tax benefit.

Massachusetts H3165 allows tax deductions for housing cooperative shareholders who meet residency and tax filing criteria.

Massachusetts H3165 amends the state's General Laws to provide tax deductions for resident shareholders of housing cooperatives organized under chapter 156B or 157. These deductions are available to those who have lived in their cooperative unit throughout the tax year and have not claimed deductions for real estate taxes or mortgage interest on their federal income tax return. This bill aims to protect the interests of housing cooperative shareholders by offering them a specific tax benefit.