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 to raise the estate tax threshold. Revenue.
AI Summary
This bill proposes to raise the estate tax threshold to $2 million and eliminate the "cliff" effect, where a small increase in the value of an estate can lead to a significant increase in the estate tax owed. Specifically, the bill would amend Chapter 65C of the Massachusetts General Laws to state that no estate tax shall be imposed that reduces the decedent's Massachusetts net estate to less than $2 million for decedents dying after December 31, 2022.
Committee Categories
Budget and Finance
Sponsors (24)
Erika Uyterhoeven (D)*,
James Arena-Derosa (D),
Christine Barber (D),
Tony Cabral (D),
Pete Capano (D),
Mike Connolly (D),
Manny Cruz (D),
Marjorie Decker (D),
Jamie Eldridge (D),
Rodney Elliott (D),
Carmine Gentile (D),
Jim Hawkins (D),
Chris Hendricks (D),
Natalie Higgins (D),
Russell Holmes (D),
Vanna Howard (D),
David LeBoeuf (D),
Rita Mendes (D),
Sam Montaño (D),
Brian Murray (D),
Steve Owens (D),
Becca Rausch (D),
Lindsay Sabadosa (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/H2960 |
| BillText | https://malegislature.gov/Bills/193/H2960.pdf |
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