summary
Introduced
02/08/2018
02/08/2018
In Committee
02/08/2018
02/08/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to the Massachusetts estate tax code
AI Summary
This bill amends the Massachusetts estate tax code. It introduces a new section, Section 2B, which establishes an exemption of $1 million for the Massachusetts estate tax, with the exemption amount increasing annually based on the consumer price index (CPI). The bill also outlines a progressive tax rate structure for the Massachusetts estate tax, with rates ranging from 1.6% to 16% depending on the adjusted taxable estate. Additionally, the bill allows for a credit against the Massachusetts estate tax for taxes paid to other states.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
No further action taken (on 01/01/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H4210 |
| Bill | https://malegislature.gov/Bills/190/H4210.pdf |
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