Section 23

Section 23 Charitable Deduction Delay

Subparagraph (13) of paragraph (a) of Part B of section 3 of said chapter 62, as so appearing, is hereby amended by inserting, in line 144, after the words "per cent" the following words:- ; provided further, however, that in taxable years beginning on or after January 1, 2020, this deduction shall be allowed only if it was allowed in the prior taxable year, or if, as determined by the commissioner in consultation with the comptroller, in the fiscal year ending the prior June 30, no transfer was made from the Commonwealth Stabilization Fund, established by section 2H of chapter 29 of the General Laws, to the General Fund.


This section delays the charitable tax deduction currently scheduled to be in effect for the tax year beginning on January 1, 2022, until the tax year following a fiscal year in which no transfer is made from the Stabilization Fund to the General Fund.