HOUSE DOCKET, NO. 2610        FILED ON: 1/14/2009

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2900

The Commonwealth of Massachusetts

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In the Year Two Thousand Nine

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An Act relative to the tax treatment of pensions..

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Subparagraph (E) of paragraph (2) of Subsection (a) of section 2 of chapter 62 of the General Laws, as appearing in the 2000 Official Edition, is hereby amended by adding the following words:—“; provided, however, this deduction otherwise allowable under this subparagraph attributable to one taxpayer shall not in the aggregate exceed $50,000.”

SECTION 2. Subparagraph (F) of said paragraph (2) of subsection (a) of said section 2 of said chapter 62, as so appearing, is hereby amended by adding the following sentence:—“In no event shall the aggregate of the otherwise allowable deductions of this subparagraph attributable to any one taxpayer exceed $50,000.”