MA S1461

Bill

MA S1461

Authorizing tax free contributions to a trust for the care of incapacitated persons

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 to authorize tax free contributions to a trust for the care of incapacitated parents or guardians. Revenue.

AI Summary

This bill proposes to amend Chapter 62 of the General Laws to allow parents or guardians of individuals deemed disabled under the federal Social Security Act to make tax-free contributions to a supplemental needs trust for the care of that disabled person. A supplemental needs trust is defined as a trust that provides funds for goods and services not covered by public benefit programs or to enhance the quality of care beyond what public programs offer. The bill specifies that these tax-free contributions can be up to ten percent of the parent or guardian's gross income.

Committee Categories

Budget and Finance

Sponsors (5)

Viriato deMacedo (R)*, Robert Hedlund (R), Donald Humason (R), Matt Muratore (R), Bruce Tarr (R),

Last Action

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

Official Document

https://malegislature.gov/Bills/189/Senate/S1461

(12 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/189/Senate/S1461
State Bill Page	https://malegislature.gov/Bills/189/S1461
Bill	https://malegislature.gov/Bills/189/S1461.pdf

Bill	Bill Name	Last Action	Type
S1411	Relative to MassPort officers	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1413	Improving the Massachusetts Port Authority Employees retirement system	Accompanied a study order, see S2314	Similar To
S1414	Providing for an early retirement incentive program for Employees of the Massachusetts Port Authority	Accompanied a study order, see S2314	Similar To
S1439	Relative to post-retirement employment	Accompanied a new draft, see S2158	Similar To
S1524	Closing a corporate tax haven loophole	Accompanied a study order, see S2290	Similar To
S1537	Providing volunteer firefighters and emergency medical technicians with a local option real estate tax exemption	Read second and ordered to a third reading	Similar To
S1545	Enhancing the creative economy through the tax code	Accompanied a study order, see S2290	Similar To
S1548	Relative to exempting farmers' markets from certain property taxes	Accompanied a study order, see S2290	Similar To
S1549	Establishing a municipal gas tax exemption	Accompanied a study order, see S2290	Similar To
S1606	Relative to tax exemptions for school related expenses	Accompanied a study order, see S2290	Similar To
S2268	Relative to a certain residential tax exemption in the city of Chelsea	Signed by the Governor, Chapter 245 of the Acts of 2016	Similar To
S2290	Revenue matters	Reported in part by S1494	Replaced by

Bill > S1461

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (5)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary