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 the estate tax for certain decedents dying after calendar year 2022. Revenue.
AI Summary
This bill amends the Massachusetts estate tax law to exempt from taxation any portion of a decedent's estate that reduces the net estate to less than $2 million for those dying after December 31, 2022. The bill aims to mitigate the impact of "snowbird" relocation, where retirees move to other states with more favorable tax policies, by preventing the Massachusetts estate tax from reducing a decedent's net estate below $2 million.
Committee Categories
Budget and Finance
Sponsors (2)
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/H2785 |
| BillText | https://malegislature.gov/Bills/193/H2785.pdf |
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