MA H3663

Bill

Relative to tax deductions for retirement account contributions

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to tax deductions for retirement account contributions. Revenue.

AI Summary

This bill allows taxpayers to deduct contributions made to traditional individual retirement accounts (IRAs) from their taxable income, up to the annual contribution limit. The bill amends the Massachusetts General Laws to add this new tax deduction, which will apply to tax years beginning on or after June 1, 2020.

Committee Categories

Budget and Finance

Sponsors (14)

Brian Ashe (D), Pete Capano (D), William Crocker (R), Shawn Dooley (R), Ryan Fattman (R), Susan Gifford (R), Steven Howitt (R), Marc Lombardo (R), Matt Muratore (R), Elizabeth Poirier (R), Bill Straus (D), Bruce Tarr (R), José Tosado (D), Dave Vieira (R),

Last Action

Accompanied a study order, see H5080 (on 11/02/2020)

Official Document

https://malegislature.gov/Bills/191/H3663

(7 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H3663
Bill	https://malegislature.gov/Bills/191/H3663.pdf

Bill	Bill Name	Last Action	Type
H2394	Relative to the deduction of health insurance payments from gross income for self employed individuals	Accompanied a study order, see H5128	Similar To
H2499	Providing tax relief for rent-burdened individuals and families	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H2553	Relative to employer student loan contribution	Accompanied a study order, see H5040	Similar To
H5080	Study Order	Discharged to the committee on House Rules	Replaced by
S1649	Promoting student loan repayment	Accompanied a study order, see H5040	Similar To
S1656	Relative to graduate student loan deductions	Accompanied a study order, see H5080	Similar To
S1681	Relative to gun safe tax deductions	Accompanied a study order, see H5080	Similar To

Bill > H3663

MA H3663

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (14)

Last Action

Official Document

bill text

bill summary

bill summary

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