HOUSE DOCKET, NO. 2742        FILED ON: 2/18/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3302

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Alice Hanlon Peisch

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to tax withholding for individual retirement accounts.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Alice Hanlon Peisch

14th Norfolk

1/21/2011


HOUSE DOCKET, NO. 2742        FILED ON: 2/18/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3302

By Ms. Peisch of Wellesley, a petition (accompanied by bill, House, No. 3302) of Alice  Hanlon Peisch relative to tax withholding for individual retirement accounts. Revenue.

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Eleven

_______________

 

An Act relative to tax withholding for individual retirement accounts.

 

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

Chapter 62 of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by adding the following section:-

Section 65.  Every person who receives payments or distributions from an individual retirement account may choose the amount of income taxes to be withheld from such payment or distribution regardless of whether such payment is subject to federal withholding; provided, that the recipient files a form specifying said amount with the payer of the individual retirement account and the commissioner.