SECTION 5. Subparagraph (b) of chapter 62 of the General Laws, as appearing in the 2009-2010 Official Edition, is hereby amended by adding thereafter section 2, as follows:—
SECTION 2. (E)(1) Income from any annuity or retirement account to which the taxpayer has contributed income which was previously subject to taxation under Chapter 62 of the General Laws and constituted wages or was subject to voluntary withholding.
Section 2 of Chapter 62B of the General Laws, as appearing in the 2009-2010 Official Edition, is hereby amended by inserting in place thereof the following: — hundred and five of said code and subject to federal withholding, except those periodic payments and non-periodic distributions which qualify under Subparagraph (E) (1) of paragraph (2) of subsection (a) of section 2 of chapter 62 of the General Laws, and.
SECTION 2 of paragraph (2) the provisions of this act shall be effective for all tax years beginning on or after January 1st.
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.