summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to the Massachusetts estate tax. Revenue.
AI Summary
This bill amends Massachusetts' estate tax law to exempt estates valued at $5 million or less from the estate tax. The existing estate tax applies to the transfer of an estate upon a person's death, with the revenue going to the state of Massachusetts. The proposed change would eliminate the estate tax for smaller estates, potentially reducing the tax burden for some Massachusetts residents.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4721 (on 06/13/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/S1816 |
| BillText | https://malegislature.gov/Bills/193/S1816.pdf |
Loading...