Bill > H3135

This bill amends Massachusetts tax law to provide a specific income tax exemption for Massachusetts residents who are retired municipal employees of Rhode Island. Under the proposed change, these retirees would be eligible for a tax exemption on their Rhode Island municipal pension, allowing them to exclude the first $10,000 of their pension from Massachusetts state income tax, with the potential to exempt up to $50,000 per year in municipal pension income. The bill aims to provide tax relief for municipal retirees who worked in Rhode Island but now reside in Massachusetts, effectively reducing their state tax burden by creating a targeted pension income exemption. The amendment will take effect immediately upon passage, offering an immediate benefit to qualifying retired municipal employees who meet the specified criteria.

Budget and Finance

https://malegislature.gov/Bills/194/H3135