HOUSE DOCKET, NO. 1745 FILED ON: 1/17/2013
HOUSE . . . . . . . . . . . . . . . No. 2698
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The Commonwealth of Massachusetts
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PRESENTED BY:
Alice Hanlon Peisch
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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.
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PETITION OF:
Name: | District/Address: | Date Added: |
Alice Hanlon Peisch | 14th Norfolk | 1/17/2013 |
HOUSE DOCKET, NO. 1745 FILED ON: 1/17/2013
HOUSE . . . . . . . . . . . . . . . No. 2698
By Ms. Peisch of Wellesley, a petition (accompanied by bill, House, No. 2698) of Alice Hanlon Peisch relative to tax withholding for individual retirement accounts. Revenue. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 3302 OF 2011-2012.]
The Commonwealth of Massachusetts
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In the Year Two Thousand Thirteen
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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 2010 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.