MA S1631

Bill

MA S1631

To mitigate snowbird relocation

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to mitigate snowbird relocation. Revenue.

AI Summary

This bill aims to mitigate the impact of "snowbird relocation" by amending the Massachusetts estate tax law. Specifically, it increases the estate tax exemption from $1 million to $2 million for decedents dying after December 31, 2020. The bill also requires the Department of Revenue to develop an updated rate table for the estate tax that accounts for this increased exemption, while ensuring the changes are revenue-neutral. The goal is to provide tax relief for Massachusetts residents who may be considering relocating to other states during their retirement years.

Committee Categories

Budget and Finance

Sponsors (2)

Julian Cyr (D), Denise Provost (D),

Last Action

Accompanied a study order, see H5040 (on 10/15/2020)

Official Document

https://malegislature.gov/Bills/191/S1631

(5 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S1631
Bill	https://malegislature.gov/Bills/191/S1631.pdf

Bill	Bill Name	Last Action	Type
H1180	Limiting out of pocket expenses	Reporting date extended to Thursday December 31, 2020, pending concurrence	Similar To
H2590	To continue tax basis rules for property acquired from decedents	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H2636	Relative to the Massachusetts estate tax	Accompanied a study order, see H5040	Similar To
H5040	Study Order - Property Taxes	Discharged to the committee on House Rules	Replaced by
S1682	For a uniform estate tax	Accompanied a study order, see H5040	Similar To

Bill > S1631

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary