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
By Representative Uyterhoeven of Somerville, a petition of Erika Uyterhoeven that the Commissioner of Revenue conduct a study of estate tax reform and its costs. Revenue.
AI Summary
This bill directs the Commissioner of Revenue to conduct a comprehensive study and prepare a detailed report on potential reforms to the Commonwealth's estate tax. The report will cover various topics, including the impact of increasing the estate tax exemption threshold, the revenue implications of different tax rate structures, the role of primary residences in estate compositions, and potential strategies for addressing estate tax avoidance. The Commissioner is required to complete the report by December 31, 2024, and publish it on the Department of Revenue's website.
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/H2965 |
| BillText | https://malegislature.gov/Bills/193/H2965.pdf |
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