Bill > H2966

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.

Budget and Finance

https://malegislature.gov/Bills/192/H2966