Bill

Bill > H2926


MA H2926

To increase veterans earned tax savings


summary

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 to increase veterans earned tax savings. Revenue.

AI Summary

This bill aims to increase the veterans' earned tax savings by amending the General Laws of Massachusetts. Specifically, it proposes to raise the tax exemption amounts for various categories of veterans, such as disabled veterans, veterans with a service-connected disability, and veterans who have been awarded the Purple Heart. The bill increases the tax exemption figure from $400 to $600 for the general veterans' exemption, from $750 to $1,125 for the exemption for veterans with a service-connected disability, from $1,250 to $1,875 for the exemption for veterans who have been awarded the Purple Heart, and from $1,500 to $2,250 for the exemption for veterans with a service-connected disability of 100% or more. Additionally, the bill raises the exemption for surviving spouses of veterans from $1,000 to $1,500.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

Accompanied a study order, see H5244 (on 09/22/2022)

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