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Bill > S1347


MA S1347

MA S1347
Relative to contributions to 401(k) by self-employed persons


summary

Introduced
01/22/2013
In Committee
01/22/2013
Crossed Over
Passed
Dead
08/01/2014

Introduced Session

188th General Court

Bill Summary

For legislation relative to contributions to 401(k) by self-employed persons. Revenue.

AI Summary

This bill repeals a specific provision within Chapter 62 of the General Laws, which relates to revenue and likely governed certain aspects of contributions to 401(k) plans by self-employed individuals. By removing this section, the bill aims to change the existing tax treatment or rules surrounding these retirement savings for self-employed persons, though the exact nature of the change is not detailed without the content of the repealed section. The bill also specifies that it will become effective immediately upon its passage.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see S2111 (on 04/24/2014)

bill text


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