Bill > S1976

This bill aims to completely abolish Chapter 65C of the Massachusetts General Laws, which currently governs the state's estate tax (often referred to as the "death tax"). By repealing this entire chapter, the legislation would effectively eliminate the state's existing tax on the transfer of property and assets from a deceased person to their heirs. While the bill text is very concise, its impact would be significant, removing the legal framework that currently requires estates above a certain value to pay taxes upon the death of the property owner. This would mean that inheritances and transfers of wealth after death would no longer be subject to state-level taxation in Massachusetts, potentially benefiting wealthy individuals and families by allowing them to pass on more of their assets to their heirs without tax implications.

Budget and Finance

https://malegislature.gov/Bills/194/S1976