Bill > H3153

This bill proposes to amend Section 6 subsection (b) of Chapter 62C of Massachusetts general laws regarding state tax return filings for various financial fiduciaries. The amendment expands the existing requirements for filing tax returns, specifically mandating that executors, administrators, trustees, guardians, conservators, trustees in bankruptcy, assignees for creditors, and receivers must file an annual tax return when they receive income exceeding two hundred dollars. The bill clarifies that if an executor or administrator is appointed after January first in a given year, they must file a return for any income received by the deceased but not previously reported, with the return due by the fifteenth day of the fourth month after their appointment. Additionally, fiduciaries planning to make a final distribution of an estate or trust before the end of a year must file an immediate return of all income received during that year, with taxes becoming due and payable immediately upon filing.

Budget and Finance

https://malegislature.gov/Bills/194/H3153