MA H2645

Bill

To continue tax basis rules for property acquired from decedents

Introduced
01/23/2017

In Committee
05/04/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to continue tax basis rules for property acquired from decedents. Revenue.

AI Summary

This bill aims to continue the tax basis rules for property acquired from decedents in Massachusetts, regardless of the changes made to the federal income tax rules for 2010 and beyond. Specifically, the bill provides that for decedents who died between January 1, 2010 and December 31, 2010, the initial tax basis of property acquired from the decedent will be determined under the pre-2010 rules of the Internal Revenue Code, except in cases where the executor makes a specific election under the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This is declared an emergency measure to immediately preserve the previous state-level tax basis rules for these decedents.

Committee Categories

Budget and Finance

Sponsors (1)

Alice Peisch (D),

Last Action

No further action taken (on 01/01/2019)

Official Document

https://malegislature.gov/Bills/190/H2645

(21 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H2645
Bill	https://malegislature.gov/Bills/190/H2645.pdf

Bill	Bill Name	Last Action	Type
H1557	To broaden eligibility for relief from disproportionate property tax burdens	No further action taken	Similar To
H1570	To insure fair taxation of affordable housing	Accompanied a study order, see H4244	Similar To
H1605	Providing for a certain real property tax exemption	Accompanied a study order, see H4244	Similar To
H1608	Relative to exempting farmers’ markets from certain property taxes	Accompanied a study order, see H4244	Similar To
H1610	Relative to municipal option abatement for contaminated real property	Accompanied a study order, see H4244	Similar To
H1613	To reduce taxes generated by charitable raffles and bazaars	Accompanied a study order, see H4244	Similar To
H1640	Relative to regional transportation ballot initiatives	Accompanied S1551	Similar To
H35	Relative to enhancing consumer protection with respect to unclaimed property	Accompanied a study order, see H4785	Similar To
H3693	Relative to property tax exemptions for rental properties in the town of Lincoln deed restricted as affordable housing	Accompanied a new draft, see H4004	Similar To
H4093	To ensure compliance with federal standards regarding the handling of federal tax information	Accompanied a new draft, see H4441	Similar To
H4258	Authorizing the Town of Hopkinton to establish a means-tested senior citizen property tax exemption	Accompanied a new draft, see H4389	Similar To
H4978	Authorizing the town of Westford to establish a means tested senior citizen property tax exemption	Accompanied a new draft, see H4998	Similar To
H53	Relative to the Uniform Real Property Electronic Recording Act	Accompanied a study order, see H4874	Similar To
S1522	Exempting residential security systems from sales tax	Accompanied a study order, see S2497	Similar To
S1525	Relative to the small commercial tax exemption	Accompanied a study order, see S2497	Similar To
S2124	Improving real property tax abatements, application deadlines, and deferrals	Reprinted as amended, see S2135	Similar To
S2160	Relative to clarifying property tax exemptions for solar and wind systems	New draft substituted, see S2364	Similar To
S2356	Similar Bills	see H2623	Similar To
S2670	Creating senior tax relief in the town of Carver.	Signed by the Governor, Chapter 299 of the Acts of 2018	Similar To
S590	Relative to vacated foreclosed residential property	Accompanied a study order, see S2496	Similar To
S795	To clarify homestead estates	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To

Bill

Bill Name

Last Action

Type

H1557

To broaden eligibility for relief from disproportionate property tax burdens

No further action taken

Similar To

H1570

To insure fair taxation of affordable housing