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
For legislation to exempt the pensions of certain veterans from the income tax laws of the Commonwealth. Revenue.
AI Summary
This bill aims to exempt the pensions of certain veterans from the income tax laws of the Commonwealth of Massachusetts. Specifically, it amends the state's tax laws to exclude from taxation all income from any contributory annuity, pension, endowment, or retirement fund of the United States government, the Commonwealth, or any political subdivision thereof, as well as any income from a similar fund established under the laws of another state or political subdivision, provided that income from such funds in Massachusetts is not subject to taxation in that other jurisdiction. The bill is effective for taxable years beginning January 1, 2020.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5250 (on 10/03/2022)
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/H2982 |
| Bill | https://malegislature.gov/Bills/192/H2982.pdf |
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