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| 2 | 2 | | HOUSE DOCKET, NO. 2950 FILED ON: 1/16/2025 |
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| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 3081 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Carol A. Doherty |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act establishing a tax exemption for pension income for certain senior citizens of the |
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| 13 | 13 | | Commonwealth. |
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| 14 | 14 | | _______________ |
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| 15 | 15 | | PETITION OF: |
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| 16 | 16 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Carol A. Doherty3rd Bristol1/16/2025James K. Hawkins2nd Bristol2/11/2025 1 of 2 |
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| 17 | 17 | | HOUSE DOCKET, NO. 2950 FILED ON: 1/16/2025 |
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| 18 | 18 | | HOUSE . . . . . . . . . . . . . . . No. 3081 |
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| 19 | 19 | | By Representative Doherty of Taunton, a petition (accompanied by bill, House, No. 3081) of |
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| 20 | 20 | | Carol A. Doherty and James K. Hawkins relative to establishing tax exemptions for pension |
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| 21 | 21 | | income for certain senior citizens of the Commonwealth. Revenue. |
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| 22 | 22 | | The Commonwealth of Massachusetts |
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| 23 | 23 | | _______________ |
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| 24 | 24 | | In the One Hundred and Ninety-Fourth General Court |
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| 25 | 25 | | (2025-2026) |
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| 26 | 26 | | _______________ |
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| 27 | 27 | | An Act establishing a tax exemption for pension income for certain senior citizens of the |
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| 28 | 28 | | Commonwealth. |
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| 29 | 29 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 30 | 30 | | of the same, as follows: |
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| 31 | 31 | | 1 SECTION 1: Subsection (b) of part B of section 3 of chapter 62 of the General Laws, as |
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| 32 | 32 | | 2appearing in the 2020 Official Edition, is hereby amended by inserting after clause (5) the |
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| 33 | 33 | | 3following clause:- |
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| 34 | 34 | | 4 (6) (A) For purposes of this clause, “taxable pension income” shall mean pension income |
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| 35 | 35 | | 5that is taxable under section 2. |
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| 36 | 36 | | 6 (B) A taxpayer shall be exempt from the tax under this chapter on the first $20,000 of |
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| 37 | 37 | | 7taxable pension income. |
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| 38 | 38 | | 8 (C) A taxpayer shall be exempt from the tax under this chapter on 100 per cent of taxable |
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| 39 | 39 | | 9pension income if the taxpayer has paid over 20 years of tax on taxable pension income. |
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| 40 | 40 | | 10 (D) For the purposes of this clause the taxpayer shall be: 2 of 2 |
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| 41 | 41 | | 11 (i) a resident of the commonwealth; |
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| 42 | 42 | | 12 (ii) over the age of 65; and |
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| 43 | 43 | | 13 (iii) at or below the area median income where the taxpayer resides as defined by the |
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| 44 | 44 | | 14Department of Housing and Community Development. |
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