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Bill > H3345


MA H3345

Relative to exempted pension income


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to taxable income from contributory annuity, pension, endowment or retirement funds. Revenue.

AI Summary

This bill proposes to amend Section 2 of Chapter 62 of the General Laws by striking out the word "Income" and inserting the phrase "The first $100,000 of income" in line 42. This change would exempt the first $100,000 of pension, annuity, endowment, or retirement fund income from being considered taxable income under Massachusetts law.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see H4244 (on 02/22/2018)

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