Bill
Bill > S1636
MA S1636
Authorizing tax free contributions to a trust for the care of incapacitated persons
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
For legislation to authorize tax free contributions to a trust for the care of incapacitated parents or guardians. Revenue.
AI Summary
This bill authorizes tax-free contributions to a "supplemental needs trust" for the care of a person who is disabled, as defined under the federal Social Security Act. A supplemental needs trust is used to provide a supplemental source of payment for goods and services that are otherwise unavailable from any publicly funded benefit program, or to provide a higher quality of care than is otherwise available. The bill allows a parent or guardian of a disabled person to contribute up to 10% of their gross income to such a trust, and this contribution would be exempt from state income tax.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see S2549 (on 02/20/2020)
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/S1636 |
| Bill | https://malegislature.gov/Bills/191/S1636.pdf |
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