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
By Mr. Fernandes of Falmouth, a petition of Dylan A. Fernandes and Sarah K. Peake that the Department of Revenue be authorized to develop an updated rate table for calculation of the estate tax. Revenue.
AI Summary
This bill proposes to amend the Massachusetts estate tax law by increasing the exemption threshold to $2 million for decedents dying after December 31, 2020. Additionally, the bill requires the Department of Revenue to develop an updated rate table for the estate tax calculation that takes into account the higher exemption amount, and to make recommendations for regular increases to the exemption amount, with the implementation being revenue neutral.
Committee Categories
Budget and Finance
Sponsors (2)
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/H2893 |
| Bill | https://malegislature.gov/Bills/192/H2893.pdf |
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