Origin: Due to Massachusetts' reliance on the Internal Revenue Code (Code), Massachusetts adopts the federal exclusion for qualified military base realignment and closure fringe benefits paid by the Department of Defense (DOD) to military personnel, eligible civilian personnel, or their spouses. Such benefits are intended to compensate such individuals for reductions in the fair market value of their homes that result from having to move due to base closures or injury related to military service.
Origin: M.G.L. c. 62, § 1(c) ; IRC § 132 (a)(8), (n); 42 U.S. Code § 3374
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2022
FY2023
FY2024
FY2025
FY2026
Personal Income Tax
Exclusions from Gross Income
1.035
Department of Defense Homeowners Assistance Plan
Due to Massachusetts' reliance on the Internal Revenue Code (Code), Massachusetts adopts the federal exclusion for qualified military base realignment and closure fringe benefits paid by the Department of Defense (DOD) to military personnel, eligible civilian personnel, or their spouses. Such benefits are intended to compensate such individuals for reductions in the fair market value of their homes that result from having to move due to base closures or injury related to military service.
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section1" target="_blank">M.G.L. c. 62, § 1(c)</a> ; <a href="https://www.law.cornell.edu/uscode/text/26/132" target="_blank">IRC § 132 (a)(8), (n)</a>; 42 U.S. Code § 3374
Negligible
Negligible
Negligible
0.2
0.2
Loading...