summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to the exemption of certain private pension income from taxation. Revenue.
AI Summary
This bill would exempt certain private pension income from state taxation. Specifically, it would exempt up to $2,000 in pension income for individuals under 60 years old, and up to $12,500 in pension income and other eligible retirement income (such as distributions from retirement accounts, dividends, and rental income) for individuals 60 years old or older. The exemption would apply to pensions from employers, the federal government, the state government, or any state subdivision. For married couples, the eligible retirement income would be deemed to be received equally by each spouse.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H5043 (on 08/29/2022)
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/192/H2839 |
| Bill | https://malegislature.gov/Bills/192/H2839.pdf |
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