Bill > H2521

This bill proposes an amendment to Massachusetts General Laws, Chapter 62, concerning income tax exemptions. Specifically, it introduces an additional tax exemption for individuals who have lost one or more limbs as a direct result of an act of terrorism, provided they were residents of Massachusetts at the time of the incident. This exemption is intended to offset the tax liability that would normally be owed by such survivors, offering financial relief in recognition of their profound loss. The bill also mandates that the commissioner of revenue will establish necessary rules and regulations to implement these provisions, and these changes will be effective for tax years beginning on or after January 1, 2015.