HOUSE DOCKET, NO. 2820        FILED ON: 1/17/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2490

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Jonathan Hecht

_________________

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 simplifying the tax treatment of individual retirement accounts.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Jonathan Hecht

29th Middlesex

1/17/2019

Stephan Hay

3rd Worcester

1/30/2019

Jason M. Lewis

Fifth Middlesex

1/23/2019

Denise Provost

27th Middlesex

1/31/2019

Angelo M. Scaccia

14th Suffolk

2/1/2019

Bud L. Williams

11th Hampden

1/30/2019


HOUSE DOCKET, NO. 2820        FILED ON: 1/17/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2490

By Mr. Hecht of Watertown, a petition (accompanied by bill, House, No. 2490) of Jonathan Hecht and others relative to the tax treatment of individual retirement accounts.  Revenue.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-First General Court
(2019-2020)

_______________

 

An Act simplifying the tax treatment of 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:
 

SECTION 1. Subparagraph (F) of paragraph (2) of subsection (a) of section 2 of chapter 62 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by striking out the words “sections four hundred and eight or” and inserting in place thereof the following word:- section.

SECTION 2. Subsection (b) of section 5 of said chapter 62 is hereby further amended by striking out the following words:- “or any individual retirement account qualifying under section four hundred and eight of the Code”

SECTION 3. Sections 1 and 2 shall be effective for taxable years beginning on or after January 1, 2019.