HOUSE DOCKET, NO. 3386 FILED ON: 1/18/2019
HOUSE . . . . . . . . . . . . . . . No. 2432
|
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Linda Dean Campbell, (BY REQUEST)
_________________
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 resolve:
Resolve establishing a special commission to study the estate tax.
_______________
PETITION OF:
Name: | District/Address: | Date Added: |
Cynthia Theriault |
| 1/17/2019 |
HOUSE DOCKET, NO. 3386 FILED ON: 1/18/2019
HOUSE . . . . . . . . . . . . . . . No. 2432
By Mrs. Campbell of Methuen (by request), a petition (accompanied by resolve, House, No. 2432) of Cynthia Theriault for an investigation by a special commission (including members of the General Court) relative to the estate tax. Revenue. |
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-First General Court
(2019-2020)
_______________
Resolve establishing a special commission to study the estate tax.
Resolved, There is hereby established a special commission pursuant to section 2A of chapter 4 of the General Laws to study the estate tax. The commission shall consist of 11 members: the house and senate chairs of the joint committee on revenue, who shall serve as co-chairs of the commission; the minority leader of the house of representatives, or a designee; the minority leader of the senate, or a designee; the secretary of administration and finance, or a designee; and 6 members to be appointed by the governor, 1 of whom shall be a representative of the Massachusetts Budget and Policy Center; 1 of whom shall be a representative of the Massachusetts Taxpayers Foundation; 2 of whom shall be individuals with expertise in estate tax; and 2 of whom shall be individuals with expertise in economics or tax policy.
The commission shall study the effects of the estate tax on economic growth and on individuals moving out of state or changing their residence to out of state for tax purposes; potential changes to the estate tax, including, but not limited to, repealing the current 1 million dollar exclusion amount and establishing an exemption; potential changes in revenue collected by the commonwealth as a result of changes to the estate tax; and empirical data on estate taxes in other states.
The commission shall submit a report of its findings along with any recommendations to the joint committee on revenue and the clerks of the house of representatives and the senate not later than 6 months after the first meeting of the commission.