summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to taxable income from contributory annuity, pension, endowment or retirement funds. Revenue.
AI Summary
This bill amends Section 2 of Chapter 62 of the General Laws in Massachusetts to exempt the first $100,000 of income from contributory annuity, pension, endowment, or retirement funds from taxation. The bill removes the word "Income" and replaces it with "The first $100,000 of income", effectively increasing the exempt amount of pension and retirement income for taxpayers in the state.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5080 (on 11/02/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2626 |
| Bill | https://malegislature.gov/Bills/191/H2626.pdf |
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