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 income tax rates. Revenue.
AI Summary
This bill proposes to amend the Massachusetts income tax law. It sets the Part B taxable income tax rate at 6.0% for tax years beginning on or after January 1, 2023. Additionally, it increases the personal exemption amounts for different filing statuses, with annual adjustments based on inflation and changes in baseline tax revenue. The Commissioner of Revenue is required to provide reports on the personal exemption amounts for the upcoming tax year.
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
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H2961 |
| BillText | https://malegislature.gov/Bills/193/H2961.pdf |
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