Massachusetts 2023-2024 Regular Session

Massachusetts House Bill H3661 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1 of 1
2	2	HOUSE DOCKET, NO. 2408 FILED ON: 1/19/2023
3	3	HOUSE . . . . . . . . . . . . . . . No. 3661
4	4	The Commonwealth of Massachusetts
5	5	_________________
6	6	PRESENTED BY:
7	7	Carol A. Doherty
8	8	_________________
9	9	To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
10	10	Court assembled:
11	11	The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
12	12	An Act establishing a tax exemption for pension income for certain senior citizens of the
13	13	Commonwealth.
14	14	_______________
15	15	PETITION OF:
16	16	NAME:DISTRICT/ADDRESS :DATE ADDED:Carol A. Doherty3rd Bristol1/19/2023Ryan M. Hamilton15th Essex2/2/2023Rodney M. Elliott16th Middlesex2/9/2023James K. Hawkins2nd Bristol2/9/2023Patrick M. O'ConnorFirst Plymouth and Norfolk2/9/2023Paul McMurtry11th Norfolk2/19/2023Peter Capano11th Essex2/19/2023Steven S. Howitt4th Bristol2/27/2023Paul R. FeeneyBristol and Norfolk3/7/2023 1 of 2
17	17	HOUSE DOCKET, NO. 2408 FILED ON: 1/19/2023
18	18	HOUSE . . . . . . . . . . . . . . . No. 3661
19	19	By Representative Doherty of Taunton, a petition (accompanied by bill, House, No. 3661) of
20	20	Carol A. Doherty and others for legislation to establish a tax exemption for pension income for
21	21	certain senior citizens. Revenue.
22	22	The Commonwealth of Massachusetts
23	23	_______________
24	24	In the One Hundred and Ninety-Third General Court
25	25	(2023-2024)
26	26	_______________
27	27	An Act establishing a tax exemption for pension income for certain senior citizens of the
28	28	Commonwealth.
29	29	Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
30	30	of the same, as follows:
31	31	1 Subsection (b) of part B of section 3 of chapter 62 of the General Laws, as appearing in
32	32	2the 2020 Official Edition, is hereby amended by inserting after clause (5) the following clause:-
33	33	3 (6) (A) For purposes of this clause, “taxable pension income” shall mean pension income
34	34	4that is taxable under section 2.
35	35	5 (B) A taxpayer shall be exempt from the tax under this chapter on the first $20,000 of
36	36	6taxable pension income.
37	37	7 (C) A taxpayer shall be exempt from the tax under this chapter on 100 per cent of taxable
38	38	8pension income if the taxpayer has paid over 20 years of tax on taxable pension income.
39	39	9 (D) For the purposes of this clause the taxpayer shall be:
40	40	10 (i) a resident of the commonwealth; 2 of 2
41	41	11 (ii) over the age of 65; and
42	42	12 (iii) at or below the area median income where the taxpayer resides as defined by the
43	43	13department of housing and community development.