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 state tax return filings for annuities. Revenue.
AI Summary
This bill amends Section 6 subsection (b) of Chapter 62C of the general laws to require every executor, administrator, trustee, guardian, conservator, trustee in bankruptcy, assignee for the benefit of creditors, receiver (other than a receiver of a business corporation), and every other person receiving income taxable under Chapter 62 which exceeds $200 to make an annual return of their taxable income. The bill also specifies that if a person has been appointed executor or administrator after January 1st in any year, the return of such income received by the decedent but not reported by them shall be due and filed on or before the 15th day of the fourth month after the date of such appointment. Additionally, every such fiduciary intending to make final distribution of an estate or trust before the end of any year shall file a return immediately prior to such distribution of all income received by them and the decedent during the year and prior to the distribution, with the taxes becoming due and payable forthwith.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Accompanied a study order, see H5200 (on 09/08/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/192/H2966 |
Bill | https://malegislature.gov/Bills/192/H2966.pdf |
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