Bill > H2854

This bill amends Section 6 subsection (b) of Chapter 62C of the Massachusetts General Laws, which deals with the state tax return filings for annuities. The key change is that every executor, administrator, trustee, guardian, conservator, trustee in bankruptcy, assignee for the benefit of creditors, and receiver (other than a receiver of a business corporation) who receives income taxable under Chapter 62 that exceeds $200 must now make an annual return of their taxable income. The bill also requires an executor or administrator to file a return if their decedent received such income that was not reported and may still be taxed, and it requires fiduciaries to file a return immediately prior to making a final distribution of an estate or trust.

Budget and Finance

https://malegislature.gov/Bills/193/H2854