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Massachusetts House Bill H3262

Massachusetts 2025-2026 Regular Session

Massachusetts House Bill H3262 Compare Versions

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22 HOUSE DOCKET, NO. 989 FILED ON: 1/14/2025
33 HOUSE . . . . . . . . . . . . . . . No. 3262
44 The Commonwealth of Massachusetts
55 _________________
66 PRESENTED BY:
77 Erika Uyterhoeven
88 _________________
99 To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
1010 Court assembled:
1111 The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
1212 An Act relative to income tax rates.
1313 _______________
1414 PETITION OF:
1515 NAME:DISTRICT/ADDRESS :DATE ADDED:Erika Uyterhoeven27th Middlesex1/14/2025 1 of 3
1616 HOUSE DOCKET, NO. 989 FILED ON: 1/14/2025
1717 HOUSE . . . . . . . . . . . . . . . No. 3262
1818 By Representative Uyterhoeven of Somerville, a petition (accompanied by bill, House, No.
1919 3262) of Erika Uyterhoeven relative to income tax rates. Revenue.
2020 The Commonwealth of Massachusetts
2121 _______________
2222 In the One Hundred and Ninety-Fourth General Court
2323 (2025-2026)
2424 _______________
2525 An Act relative to income tax rates.
2626 Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
2727 of the same, as follows:
2828 1 SECTION 1. Section 4 of Chapter 62 of the General Laws is hereby amended by
2929 2paragraph (b) and inserting in place thereof the following:-
3030 3 (b) Part B taxable income shall be taxed at the rate of 6.0 per cent for tax years beginning
3131 4on or after January 1, 2025.
3232 5 SECTION 2. Subparagraph (1) of paragraph (b) of part B of section 3 of chapter 62 of the
3333 6General Laws, as appearing in the 2022 Official Edition, is hereby amended by striking out
3434 7clause (A) and inserting in place thereof the following clause:-
3535 8 (A) a personal exemption of $6,600 for tax years beginning on or after January 1, 2025,
3636 9 For taxable years beginning on or after January 1, 2026, the personal exemption shall be:
3737 10(i) the exemption in the previous year plus $275 if the inflation-adjusted growth in baseline taxes
3838 11in the fiscal year ending the June 30 of the previous year exceeds 2.5 per cent and the inflation-
3939 12adjusted change in baseline taxes for each consecutive 3 month period reported by the 2 of 3
4040 13commissioner between August and December of the previous year is greater than 0; or (ii) the
4141 14personal exemption in effect for the prior year. On or before October 15 of each year, the
4242 15commissioner shall submit a report to the secretary of administration, the house and senate
4343 16committees on ways and means and the joint committee on revenue providing a preliminary
4444 17statement of the personal exemption for taxable years beginning on or after the following
4545 18January 1. On or before December 15, the commissioner shall make a final statement of the
4646 19personal exemption for the following year to the same recipients.
4747 20 SECTION 3. Subparagraph (1A) of said paragraph (b) of said part B of said section 3 of
4848 21said chapter 62, as so appearing, is hereby amended by striking out clause (A) and inserting in
4949 22place thereof the following clause:-
5050 23 (A) a personal exemption of $10,200 for tax years beginning on or after January 1, 2025,
5151 24 For taxable years beginning on or after January 1, 2026, the personal exemption shall be:
5252 25(i) the exemption in the previous year plus $425 if the inflation-adjusted growth in baseline taxes
5353 26in the fiscal year ending the June 30 of the previous year exceeds 2.5 per cent and the inflation-
5454 27adjusted change in baseline taxes for each consecutive 3 month period reported by the
5555 28commissioner between August and December of the previous year is greater than 0; or (ii) the
5656 29personal exemption in effect for the prior year. On or before October 15 of each year, the
5757 30commissioner shall submit a report to the secretary of administration, the house and senate
5858 31committees on ways and means and the joint committee on revenue providing a preliminary
5959 32statement of the personal exemption for taxable years beginning on or after the following
6060 33January 1. On or before December 15, the commissioner shall make a final statement of the
6161 34personal exemption for the following year to the same recipients. 3 of 3
6262 35 SECTION 4. Subparagraph (2) of said paragraph (b) of said part B of said section 3 of
6363 36said chapter 62, as so appearing, is hereby amended by striking out clause (A) and inserting in
6464 37place thereof the following clause:-
6565 38 (A) a personal exemption of $13,200 for tax years beginning on or after January 1, 2025,
6666 39 For taxable years beginning on or after January 1, 2026, the personal exemption shall be:
6767 40(i) the exemption in the previous year plus $550 if the inflation-adjusted growth in baseline taxes
6868 41in the fiscal year ending the June 30 of the previous year exceeds 2.5 per cent and the inflation-
6969 42adjusted change in baseline taxes for each consecutive 3 month period reported by the
7070 43commissioner between August and December of the previous year is greater than 0; or (ii) the
7171 44personal exemption in effect for the prior year. On or before October 15 of each year, the
7272 45commissioner shall submit a report to the secretary of administration, the house and senate
7373 46committees on ways and means and the joint committee on revenue providing a preliminary
7474 47statement of the personal exemption for taxable years beginning on or after the following
7575 48January 1. On or before December 15, the commissioner shall make a final statement of the
7676 49personal exemption for the following year to the same recipients.