Massachusetts 2023-2024 Regular Session

Massachusetts House Bill H4721 Compare Versions

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

Old	New	Differences
1	1	1 of 5
2	2	HOUSE . . . . . . . . No. 4721
3	3	The Commonwealth of Massachusetts
4	4	________________________________________
5	5	HOUSE OF REPRESENTATIVES, June 13, 2024.
6	6	The committee on Revenue, to whom were referred the petition
7	7	(accompanied by bill, Senate, No. 1775) of Thomas Egan for legislation to
8	8	exempt private pension income from taxation; the petition (accompanied
9	9	by bill, Senate, No. 1784) of Julian Cyr, Jason M. Lewis, Sal N.
10	10	DiDomenico, Mike Connolly and other members of the General Court for
11	11	legislation relative to estate tax reform; the petition (accompanied by bill,
12	12	Senate, No. 1796) of James B. Eldridge for legislation to close the single
13	13	sales factor tax loophole; the petition (accompanied by bill, Senate, No.
14	14	1802) of Ryan C. Fattman for legislation to abolish the death tax; the
15	15	petition (accompanied by bill, Senate, No. 1816) of Ryan C. Fattman
16	16	relative to the Massachusetts estate tax; the petition (accompanied by bill,
17	17	Senate, No. 1817) of Ryan C. Fattman for legislation relative to the state
18	18	personal income tax for low-income earners; the petition (accompanied by
19	19	resolve, Senate, No. 1820) of Paul R. Feeney that provisions be made for
20	20	an investigation and study by a special commission (including members of
21	21	the General Court) to evaluate and report on the impact that passage of the
22	22	People’s Budget would have on Massachusetts; the petition (accompanied
23	23	by bill, Senate, No. 1826) of Barry R. Finegold for legislation relative to
24	24	economic development initiatives; the petition (accompanied by bill,
25	25	Senate, No. 1845) of Patricia D. Jehlen, Rebecca L. Rausch, Sal N.
26	26	DiDomenico, Mike Connolly and other members of the General Court for
27	27	legislation relative to the estate tax; the petition (accompanied by bill,
28	28	Senate, No. 1857) of Jason M. Lewis for legislation relative to the
29	29	Massachusetts estate tax code; the petition (accompanied by bill, Senate,
30	30	No. 1865) of Jason M. Lewis, Rebecca L. Rausch, Lindsay N. Sabadosa,
31	31	Erika Uyterhoeven and other members of the General Court for legislation
32	32	to protect the intent of the Fair Share Amendment; the petition
33	33	(accompanied by bill, Senate, No. 1867) of Jason M. Lewis, Rebecca L.
34	34	Rausch and Patricia D. Jehlen for legislation to safeguard fair share
35	35	amendment revenue; the petition (accompanied by bill, Senate, No. 1926)
36	36	of Michael F. Rush, Michael D. Brady, Susan Williams Gifford, Paul 2 of 5
37	37	McMurtry and others for legislation relative to deeds excise receipts; the
38	38	petition (accompanied by bill, Senate, No. 1939) of Bruce E. Tarr for
39	39	legislation relative to improving Massachusetts’ competitiveness and
40	40	reduce the cost of living; the petition (accompanied by bill, Senate, No.
41	41	1946) of Bruce E. Tarr and Steven George Xiarhos for legislation relative
42	42	to modernizing the estate tax; the petition (accompanied by bill, Senate,
43	43	No. 1959) of John C. Velis for legislation relative to provide tax relief; the
44	44	message (accompanied by bill, House, No. 42) of Her Excellency the
45	45	Governor recommending legislation relative to creating tax relief for
46	46	affordability, competitiveness and equity; the petition (accompanied by
47	47	bill, House, No. 2719) of Nicholas A. Boldyga for legislation to reduce the
48	48	short-term capital gains tax; the petition (accompanied by bill, House, No.
49	49	2726) of Peter Capano relative to the exemption of certain private pension
50	50	income from taxation; the petition (accompanied by bill, House, No. 2734)
51	51	of Tackey Chan relative to restoring the harbors and inland waters
52	52	maintenance fund; the petition (accompanied by bill, House, No. 2745) of
53	53	Mike Connolly relative to taxable income; the petition (accompanied by
54	54	bill, House, No. 2748) of Mike Connolly and others for legislation to
55	55	establish a homelessness prevention and reduction fund to be funded by
56	56	taxes on gross receipts of business entities; the petition (accompanied by
57	57	bill, House, No. 2757) of Josh S. Cutler relative to tax form reporting
58	58	obligations of health plan coverage; the petition (accompanied by bill,
59	59	House, No. 2766) of David F. DeCoste and Colleen M. Garry relative to
60	60	the estate tax; the petition (accompanied by bill, House, No. 2785) of
61	61	Dylan A. Fernandes and Michelle M. DuBois relative to the estate tax for
62	62	certain decedents dying after calendar year 2022; the petition
63	63	(accompanied by bill, House, No. 2803) of Sean Garballey for legislation
64	64	to empower municipal appropriating authorities the ability to exempt
65	65	annual debt and interest charges from regional vocational technical school
66	66	districts from its levy limit; the petition (accompanied by bill, House, No.
67	67	2805) of Colleen M. Garry and others relative to tax credits for persons
68	68	caring for elderly relatives at home; the petition (accompanied by bill,
69	69	House, No. 2834) of Steven S. Howitt relative to the tax exemption status
70	70	of municipal employee pensions; the petition (accompanied by bill,
71	71	House, No. 2843) of Bradley H. Jones, Jr., and others relative to requiring
72	72	a waiting period for new taxes; the petition (accompanied by bill, House,
73	73	No. 2850) of Bradley H. Jones, Jr., and others relative to the estate tax; the
74	74	petition (accompanied by bill, House, No. 2851) of Bradley H. Jones, Jr.,
75	75	and others for legislation to establish a fund to be known as the fair share
76	76	transparency and accountability fund to be used for education and 3 of 5
77	77	transportation purposes; the petition (accompanied by bill, House, No.
78	78	2862) of Meghan Kilcoyne that the Department of Revenue establish a
79	79	division of restitution enforcement to provide payments to victims of
80	80	crime; the petition (accompanied by bill, House, No. 2875) of Jay D.
81	81	Livingstone and others for legislation to memorializing the Massachusetts
82	82	congressional delegation and the President of the United States to support
83	83	the moral budget, and for an investigation by a commission (including
84	84	members of the General Court) on the impact of passage of the moral
85	85	budget; the petition (accompanied by bill, House, No. 2877) of Jay D.
86	86	Livingstone relative to taxable estate; the petition (accompanied by bill,
87	87	House, No. 2887) of Joseph D. McKenna for legislation to allow taxpayers
88	88	to have the option to indicate on their income tax return that they do not
89	89	want any portion of their income tax liability to be utilized for abortion
90	90	services; the petition (accompanied by bill, House, No. 2888) of Joseph D.
91	91	McKenna, Angelo L. D'Emilia and Michael J. Soter for legislation to
92	92	ensure that state payments in lieu of taxes (PILOT) to cities and towns not
93	93	be less than the previous fiscal year; the petition (accompanied by bill,
94	94	House, No. 2908) of James J. O'Day and others relative to excluding
95	95	certain income from the calculation of the tax on incomes in excess of one
96	96	million dollars; the petition (accompanied by bill, House, No. 2909) of
97	97	James J. O'Day and others for legislation to require certain married
98	98	couples to submit joint income tax returns; the petition (accompanied by
99	99	bill, House, No. 2918) of Alice Hanlon Peisch relative to small tax-exempt
100	100	public charities; the petition (accompanied by bill, House, No. 2922) of
101	101	Edward R. Philips and others relative to deeds excise receipts; the petition
102	102	(accompanied by bill, House, No. 2936) of John H. Rogers relative to the
103	103	commitment of a certain percentage of revenue to the stabilization fund;
104	104	the petition (accompanied by bill, House, No. 2939) of Jeffrey N. Roy
105	105	relative to commuter transit tax benefits; the petition (accompanied by bill,
106	106	House, No. 2952) of Michael J. Soter and others relative to the amount
107	107	and valuation for eligibility for a tax exemption on commercial property;
108	108	the petition (accompanied by bill, House, No. 2960) of Erika Uyterhoeven
109	109	and others for legislation to raise the estate tax threshold; the petition
110	110	(accompanied by bill, House, No. 2961) of Erika Uyterhoeven relative to
111	111	income tax rates; the petition (accompanied by bill, House, No. 2965) of
112	112	Erika Uyterhoeven that the Commissioner of Revenue conduct a study of
113	113	estate tax reform and its costs; the petition (accompanied by bill, House,
114	114	No. 3666) of Michael J. Soter, Joseph D. McKenna and F. Jay Barrows for
115	115	legislation to establish a high school trade partnership program and to
116	116	provide tax credits for money expended for said program; the petition 4 of 5
117	117	(accompanied by bill, House, No. 3858) of Christopher Richard Flanagan
118	118	and James C. Arena-DeRosa for legislation to provide tax credits for
119	119	certain certified rural housing redevelopment projects; the petition
120	120	(accompanied by bill, House, No. 3882) of Tackey Chan and others
121	121	relative to increasing interest rate deductions; and the petition
122	122	(accompanied by bill, House, No. 4029) of Mike Connolly relative to the
123	123	estate tax, reports recommending that the accompanying order (House,
124	124	No. 4721) ought to be adopted [Senator Fattman dissents].
125	125	For the committee,
126	126	MARK J. CUSACK. 5 of 5
127	127	HOUSE . . . . . . . . . . . . . . . No. 4721
128	128	The Commonwealth of Massachusetts
129	129	House of Representatives, June 13, 2024.
130	130	1 Ordered, That the committee on Revenue be authorized to sit during a recess of the
131	131	2General Court to make an investigation and study of Senate documents numbered 1775, 1784,
132	132	31796, 1802, 1816, 1817, 1820, 1826, 1845, 1857, 1865, 1867, 1926, 1939, 1946 and 1959 and
133	133	4House documents numbered 42, 2719, 2726, 2734, 2745, 2748, 2757, 2766, 2785, 2803, 2805,
134	134	52834, 2843, 2850, 2851, 2862, 2875, 2877, 2887, 2888, 2908, 2909, 2918, 2922, 2936, 2939,
135	135	62952, 2960, 2961, 2965, 3666, 3858, 3882 and 4029, relative to estate tax, personal income tax,
136	136	7and other related matters.
137	137	8 Said committee shall report to the General Court the results of its investigation and study
138	138	9and its recommendations, if any, together with drafts of legislation necessary to carry such
139	139	10recommendations into effect, by filing the same with the Clerk of the House of Representatives
140	140	11on or before December 31, 2024.