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 relative to the Massachusetts estate tax. Revenue.
AI Summary
This bill amends the Massachusetts estate tax law by gradually increasing the exemption amount over several years. Specifically, for decedents dying after December 31, 2019, the exemption is set at $2 million or less, increasing to $4 million in 2020, $6 million in 2021, $8 million in 2022, and matching the federal exclusion amount starting in 2023. The exemption is only allowed if the Massachusetts net estate does not exceed the specified thresholds, and any estate above the exemption amount receives no exemption.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Accompanied a study order, see H5040 (on 10/15/2020)
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/S1782 |
| Bill | https://malegislature.gov/Bills/191/S1782.pdf |
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