On Behalf of MAHC: Please Support of Housing Coops

MALC is a strong supporter of coops of all kinds (housing, business, etc) and is posting this request for support on behalf of  the Massachusetts Association of Housing Coops (MAHC):

On Tuesday, June 13th at 10am in the State House’s Hearing Room B-2 the State House Joint Committee on Revenue will hold a hearing and H.3334/S.1520, An Act protecting the interests of housing cooperative shareholders  will be heard.

MAHC is asking for written testimony in support of these two bills by Monday, June 12th, 4pm, so the committee staff can share it with the committee members before the hearing. Please send your written testimony via email to: anthony.sacco@mahouse.gov

The hearing is open to the public and written testimony can be submitted if you can not testify in person on these bills.

These bills would allow Co-Op Shareholders to partake in  the state income tax deduction for rental expenses (of which they are currently ineligible) so long as they do not claim federal homeownership benefits. This will be beneficial to those who do not
itemize their federal taxes, and particularly those of low and moderate
incomes.

The maximum deduction will be $250/year.  It is expect that approximately
1,000 people may take this deduction, statewide, resulting in a loss of
revenue to the state of  about $250,000, and relatively small amount which
may be very important to those taking the deduction.

The hearing details if you wish to testify in person:  Tuesday, June 13th, 10am in Hearing Room B-1 (directions to the State House and directions to hearing room B-1)

Please send your written testimony via email to: anthony.sacco@mahouse.gov by 4pm Monday, June 12th!

MALC will be submitting written testimony. Please share this call to action with others!

—————————–

How to address your written testimony:

Joint Committee on Revenue
State House
24 Beacon Street
Room 34 & 519
State House
Boston, MA 02133

Dear Members of the Joint Committee on Revenue,

I am writing in support of  H.3334/S.1520, An Act protecting the interests of housing cooperative shareholders  – (explain why you are writing in favor of these bills)

Your name, address and contact info