Bill > H3667

This bill updates the Massachusetts estate tax code. It imposes a tax on the transfer of estates of residents of Massachusetts who die on or after January 1, 2024, and on the transfer of real property and tangible personal property located in Massachusetts for non-residents. The bill defines key terms like "Massachusetts taxable estate" and allows for the use of the deceased spousal unused exclusion amount. It also makes changes to the qualified terminable interest property election and strikes out certain existing sections of the estate tax law.

Budget and Finance

https://malegislature.gov/Bills/193/H3667