HOUSE DOCKET, NO. 1807        FILED ON: 1/15/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2651

 

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

1/15/2015

Michael O. Moore

Second Worcester

11/25/2019


HOUSE DOCKET, NO. 1807        FILED ON: 1/15/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2651

By Ms. Peisch of Wellesley, a petition (accompanied by bill, House, No. 2651) of Alice Hanlon Peisch and Michael O. Moore relative to tax withholding for individual retirement accounts.  Revenue.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2698 OF 2013-2014.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Eighty-Ninth General Court
(2015-2016)

_______________

 

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 2012 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.