Bill > H2766

This bill amends the existing estate tax law in Massachusetts. It proposes to exempt estates valued at $1,040,000 or less from the estate tax. The estate tax is a tax imposed on the transfer of a deceased person's property, assets, and possessions to their heirs or beneficiaries. By raising the exemption threshold, this bill aims to provide tax relief for individuals with smaller estates, while maintaining the estate tax for larger, more valuable estates.

Budget and Finance

https://malegislature.gov/Bills/193/H2766