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MA S1498

MA S1498
Relative to contributions to 401(k) by self-employed persons


summary

Introduced
04/15/2015
In Committee
04/15/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

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

AI Summary

This bill, concerning revenue and contributions to 401(k) plans by self-employed individuals, proposes to repeal Section 2(d)(1)(D) of Chapter 62 of the General Laws, which is a part of the existing tax code. While the specific content of the repealed section is not detailed here, its removal suggests a change in how self-employed individuals' retirement contributions are treated for tax purposes, potentially simplifying or altering existing regulations. The act is set to become effective immediately upon its passage.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see S2290 (on 05/12/2016)

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