Massachusetts 2025-2026 Regular Session

Massachusetts House Bill H3059 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. 4177 FILED ON: 1/17/2025
3	3	HOUSE . . . . . . . . . . . . . . . No. 3059
4	4	The Commonwealth of Massachusetts
5	5	_________________
6	6	PRESENTED BY:
7	7	Mike Connolly
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 promoting estate tax fairness.
13	13	_______________
14	14	PETITION OF:
15	15	NAME:DISTRICT/ADDRESS :DATE ADDED:Mike Connolly26th Middlesex1/17/2025Patrick Joseph Kearney4th Plymouth1/22/2025 1 of 3
16	16	HOUSE DOCKET, NO. 4177 FILED ON: 1/17/2025
17	17	HOUSE . . . . . . . . . . . . . . . No. 3059
18	18	By Representative Connolly of Cambridge, a petition (accompanied by bill, House, No. 3059) of
19	19	Mike Connolly and Patrick Joseph Kearney relative to the taxation of transfers of certain estates.
20	20	Revenue.
21	21	The Commonwealth of Massachusetts
22	22	_______________
23	23	In the One Hundred and Ninety-Fourth General Court
24	24	(2025-2026)
25	25	_______________
26	26	An Act promoting estate tax fairness.
27	27	Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
28	28	of the same, as follows:
29	29	1 SECTION 1. Chapter 65A of the General Laws is hereby repealed.
30	30	2 SECTION 2. Chapter 65C of the General Laws, as appearing in the 2020 Official
31	31	3Edition, is hereby amended by striking out section 2A and inserting in place thereof the
32	32	4following section:-
33	33	5 Section 2A. (a) An excise tax is hereby imposed upon the transfer of the estate of each
34	34	6person dying on or after January 1, 1997 who, at the time of death, was a resident. Section 3 shall
35	35	7not apply for the purposes of computing the tax imposed by this section.
36	36	8 The excise tax shall be computed in accordance with the following rate schedule table:-
37	37	9 Federal Gross Estate Rate of Tax
38	38	10 Not over $2,000,000 None 2 of 3
39	39	11 Over $2,000,000 but not over $2,500,000 10%
40	40	12 Over $2,500,000 but not over $3,000,000 11%
41	41	13 Over $3,000,000 but not over $3,500,000 12%
42	42	14 Over $3,500,000 but not over $4,000,000 13%
43	43	15 Over $4,000,000 but not over $4,500,000 14%
44	44	16 Over $4,500,000 but not over $5,000,000 15%
45	45	17 Over $5,000,000 but not over $5,500,000 16%
46	46	18 Over $5,500,000 but not over $6,000,000 17%
47	47	19 Over $6,000,000 but not over $6,500,000 18%
48	48	20 Over $6,500,000 but not over $7,000,000 19%
49	49	21 Over $7,000,000 but not over $7,500,000 20%
50	50	22 Over $7,500,000 but not over $8,000,000 $21%
51	51	23 Over $8,000,000 but not over $8,500,000 22%
52	52	24 Over $8,500,000 but not over $9,000,000 23%
53	53	25 Over $9,000,000 but not over $9,500,000 24%
54	54	26 Over $9,500,000 but not over $10,000,00 25%
55	55	27 Over $10,000,000 30% 3 of 3
56	56	28 (b) An excise tax is hereby imposed upon the transfer of real property situated in the
57	57	29commonwealth and upon tangible personal property having an actual situs in this commonwealth
58	58	30of every person who at the time of their death was not a resident. The amount of this excise tax
59	59	31shall be calculated pursuant to the rate schedule in subsection (a).
60	60	32 (c) The estates of decedents dying on or after July 1, 2023 shall not be required to pay
61	61	33any excise tax under this section if the value of the federal gross estate is not more than
62	62	34$2,000,000.
63	63	35 SECTION 4. This act shall take effect for taxable years beginning on or after January 1,
64	64	362025.