Bill > H2455

This bill proposes to amend the Massachusetts estate tax law by increasing the exemption amount for decedents dying after December 31, 2018. Specifically, the bill would provide a full exemption for Massachusetts net estates of $1.2 million or less, with the exemption amount indexed to the Consumer Price Index. However, the exemption would be capped at the smallest federal taxable estate that absorbs the allowable federal credit under the Internal Revenue Code. The bill also clarifies that if the Massachusetts net estate exceeds the exemption amount, no exemption shall apply.

Budget and Finance

https://malegislature.gov/Bills/191/H2455