FOUR MORE TAX REDUCTION BILLS

By Bob Katzen

Sen. Patrick O’Connor (R-Weymouth) filed several bills that were shipped off to a study committee including:
S 1946: Allows a credit for childcare costs up to $3,000 per year. The childcare provider must be licensed in Massachusetts and the child must be a dependent of the taxpayer.

S 1947: Employers who hire veterans within 90 days of their honorable discharge receive a credit of $500 per month for 12 months for each full-time veteran, and $750 per month for 12 months for each disabled veteran. Each business gets $50,000 for these credits per business calendar year.
S 1948: Gives a $2,500 tax credit for a taxpayer who pays for more than half of the expenses of a relative over age 70 or of someone disabled by Alzheimer’s/dementia. The relative must have lived with the taxpayer for at least 6 months.
S.1950: Gives a credit of up to 20 percent to a maximum of $5,000 toward the cost of tuition for higher education. The credit will be allowed for the taxable year in which the tuition was billed.
“These pieces of legislation would have made a difference for those who need it the most right now in our commonwealth—our small businesses, those caring for elderly relatives, parents, veterans and students,” said O’Connor. “Although I am disappointed that these bills did not move further along in the legislative process this past session, I have hope that they can move forward next session upon re-filing.”

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