Bill > S1801

This bill requires the Massachusetts Department of Revenue to conduct two studies. The first study will examine the state's estate tax, analyze the current law, and evaluate whether elements of the law need to be updated, such as the net estate thresholds for exemption and credit, and changes to federal and other state laws since 1975. The second study will examine the transfer taxes and fees on real property transfers, analyze the current law, and determine whether elements need to be updated to close existing loopholes and ensure equity, as well as compare the deed excise tax and transfer taxes in Massachusetts to other states, such as Maryland. The department must submit its findings to the legislature by March 31, 2023.

Budget and Finance

https://malegislature.gov/Bills/192/S1801