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HOUSE DOCKET, NO. 3812 FILED ON: 1/20/2023
HOUSE . . . . . . . . . . . . . . . No. 4029
The Commonwealth of Massachusetts
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PRESENTED BY:
Mike Connolly
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act promoting estate tax fairness.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Mike Connolly26th Middlesex1/20/2023 1 of 3
HOUSE DOCKET, NO. 3812 FILED ON: 1/20/2023
HOUSE . . . . . . . . . . . . . . . No. 4029
By Representative Connolly of Cambridge, a petition (accompanied by bill, House, No. 4029) of
Mike Connolly relative to the estate tax. Revenue.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act promoting estate tax fairness.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 SECTION 1. Chapter 65A of the General Laws is hereby repealed.
2 SECTION 2. Chapter 65C of the General Laws, as appearing in the 2020 Official
3Edition, is hereby amended by striking out section 2A and inserting in place thereof the
4following section:-
5 Section 2A. (a) An excise tax is hereby imposed upon the transfer of the estate of each
6person dying on or after January 1, 1997 who, at the time of death, was a resident. Section 3 shall
7not apply for the purposes of computing the tax imposed by this section.
8 The excise tax shall be computed in accordance with the following rate schedule table:-
Federal Gross Estate
Rate of Tax 2 of 3
9
Not over $2,000,000
None
Over $2,000,000 but not over $2,500,000
10%
Over $2,500,000 but not over $3,000,000
11%
Over $3,000,000 but not over $3,500,000
12%
Over $3,500,000 but not over $4,000,000
13%
Over $4,000,000 but not over $4,500,000
14%
Over $4,500,000 but not over $5,000,000
15%
Over $5,000,000 but not over $5,500,000
16%
Over $5,500,000 but not over $6,000,000
17%
Over $6,000,000 but not over $6,500,000
18%
Over $6,500,000 but not over $7,000,000
19%
Over $7,000,000 but not over $7,500,000
20%
Over $7,500,000 but not over $8,000,000
$21%
Over $8,000,000 but not over $8,500,000
22%
Over $8,500,000 but not over $9,000,000
23%
Over $9,000,000 but not over $9,500,000
24% 3 of 3
Over $9,500,000 but not over $10,000,00
25%
Over $10,000,000
30%
10
11 (b) An excise tax is hereby imposed upon the transfer of real property situated in the
12commonwealth and upon tangible personal property having an actual situs in this commonwealth
13of every person who at the time of their death was not a resident. The amount of this excise tax
14shall be calculated pursuant to the rate schedule in subsection (a).
15 (c) The estates of decedents dying on or after July 1, 2023 shall not be required to pay
16any excise tax under this section if the value of the federal gross estate is not more than
17$2,000,000.
18 SECTION 4. This act shall take effect for taxable years beginning on or after January 1,
192023.