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 income tax rates. Revenue.
AI Summary
This bill amends the Massachusetts income tax laws by lowering the tax rate for Part B taxable income from 5.05% to 6% for tax years beginning on or after January 1, 2021. It also increases the personal exemption amounts for certain taxpayers, with the exemption amounts for 2022 and subsequent years tied to inflation-adjusted growth in baseline taxes, subject to certain conditions. The bill requires the state tax commissioner to report on the personal exemption amounts for the upcoming tax year.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5250 (on 10/03/2022)
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/H3082 |
| Bill | https://malegislature.gov/Bills/192/H3082.pdf |
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