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 Massachusetts estate tax. Revenue.
AI Summary
This bill amends the Massachusetts estate tax law by increasing the estate tax exemption to $2,500,000 for decedents dying on or after December 31, 2016. Additionally, it allows a surviving spouse to claim an additional exemption equal to the unused exemption of their deceased spouse. This change aims to provide more favorable estate tax treatment for Massachusetts residents.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a new draft, see H4997 (on 07/11/2022)
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/H3062 |
| Bill | https://malegislature.gov/Bills/192/H3062.pdf |
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