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
For legislation relative to estate tax reform. Revenue.
AI Summary
This bill aims to reform the estate tax in Massachusetts. It proposes amending the existing law to exempt a decedent's Massachusetts net estate from any tax imposed under this law, as long as the remaining net estate is at least $2 million. This change would apply to decedents dying after December 31, 2022, effectively increasing the exemption threshold and reducing the estate tax burden for certain individuals.
Committee Categories
Budget and Finance
Sponsors (15)
Julian Cyr (D)*,
Michael Brady (D),
Jo Comerford (D),
Mike Connolly (D),
Sal DiDomenico (D),
Jamie Eldridge (D),
Carmine Gentile (D),
Adam Gómez (D),
Vanna Howard (D),
Pat Jehlen (D),
Jason Lewis (D),
Rita Mendes (D),
Liz Miranda (D),
Becca Rausch (D),
Dan Sena (D),
Last Action
Accompanied a study order, see H4721 (on 06/13/2024)
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/193/S1784 |
| BillText | https://malegislature.gov/Bills/193/S1784.pdf |
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