MA S1847

Bill

Relative to Massachusetts estate tax exemption parity

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to Massachusetts estate tax exemption parity. Revenue.

AI Summary

This bill amends the Massachusetts estate tax law to increase the estate tax exemption amount from $40,000 to $1,040,000 for residents of Massachusetts and nonresidents with real property or tangible personal property in Massachusetts who pass away on or after January 1, 2022. The bill aims to align the Massachusetts estate tax exemption with the federal estate tax exemption, providing parity for Massachusetts taxpayers.

Committee Categories

Budget and Finance

Sponsors (5)

Diana Dizoglio (D)*, Tackey Chan (D), Ken Gordon (D), Joan Lovely (D), Paul Tucker (D),

Last Action

Accompanied a new draft, see H4997 (on 07/11/2022)

Official Document

https://malegislature.gov/Bills/192/S1847

(10 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S1847
Bill	https://malegislature.gov/Bills/192/S1847.pdf

Bill	Bill Name	Last Action	Type
H1301	Relative to consistent treatment of life estates	No further action taken	Similar To
H1816	To clarify homestead estates	No further action taken	Similar To
H2881	Relative to the Massachusetts estate tax code	Accompanied a new draft, see H4997	Similar To
H2943	Providing volunteer firefighters and emergency medical technicians with a local option real estate tax exemption	Accompanied a study order, see H5279	Similar To
H3062	Relative to the Massachusetts estate tax	Accompanied a new draft, see H4997	Similar To
H4997	To improve Massachusetts' competitiveness and reduce the cost of living	No further action taken	Replaced by
S1862	Abolishing the death tax	Accompanied a study order, see H5245	Similar To
S1911	Relative to the Massachusetts estate tax code	Accompanied a new draft, see H4997	Similar To
S811	Relative to consistent treatment of life estates	Accompanied H1301	Similar To
S971	To clarify homestead estates	Accompanied H1816	Similar To

Bill > S1847

MA S1847

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (5)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary