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 exempt the pensions of certain veterans from the income tax laws of the Commonwealth. Revenue.
AI Summary
This bill seeks to exempt certain veterans' pensions from the state income tax laws of the Commonwealth of Massachusetts. Specifically, it amends the General Laws to exclude from taxation all income from contributory annuity, pension, endowment, or retirement funds of the U.S. government, the Commonwealth, or any of its political subdivisions, as well as income from any retirement allowance payable under Chapter 32 of the General Laws. The bill would be effective for taxable years beginning January 1, 2020.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5045 (on 09/12/2024)
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/H2870 |
| BillText | https://malegislature.gov/Bills/193/H2870.pdf |
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