Bill
Bill > H3661
MA H3661
Establishing a tax exemption for pension income for certain senior citizens of the Commonwealth
summary
Introduced
03/30/2023
03/30/2023
In Committee
03/30/2023
03/30/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation to establish a tax exemption for pension income for certain senior citizens. Revenue.
AI Summary
This bill establishes a tax exemption for pension income for certain senior citizens of the Commonwealth. Specifically, the bill exempts the first $20,000 of taxable pension income from state income tax, and fully exempts 100% of taxable pension income for taxpayers who have paid taxes on such income for over 20 years. To qualify, the taxpayer must be a resident of Massachusetts, over the age of 65, and have an income at or below the area median income where they reside, as defined by the Department of Housing and Community Development.
Committee Categories
Budget and Finance
Sponsors (9)
Carol Doherty (D)*,
Pete Capano (D),
Rodney Elliott (D),
Paul Feeney (D),
Ryan Hamilton (D),
Jim Hawkins (D),
Steven Howitt (R),
Paul McMurtry (D),
Patrick O'Connor (R),
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/H3661 |
| BillText | https://malegislature.gov/Bills/193/H3661.pdf |
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