SENATE DOCKET, NO. 1399        FILED ON: 2/16/2021

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1835

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Julian Cyr

_________________

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 to mitigate snowbird relocation.

_______________

PETITION OF:

 

Name:

District/Address:

 

Julian Cyr

Cape and Islands

 

John J. Cronin

Worcester and Middlesex

1/12/2022


SENATE DOCKET, NO. 1399        FILED ON: 2/16/2021

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1835

By Mr. Cyr, a petition (accompanied by bill, Senate, No. 1835) of Julian Cyr for legislation to mitigate snowbird relocation.  Revenue.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1631 OF 2019-2020.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Second General Court
(2021-2022)

_______________

 

An Act to mitigate snowbird relocation.

 

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. Section 3 of chapter 65C of the General Laws, as appearing in the 2018 Official Edition, is hereby amended by inserting, after the word “ninety-six;”, in line 14, the following words:- two million dollars or less for decedents dying after December thirty-first, two thousand and twenty;

SECTION 2. Notwithstanding any general or special law to the contrary, the department of revenue shall develop an updated rate table for calculation of the estate tax under section 2 of chapter 65C. The rates in the updated table shall take into account the exemption allowed under section 3 of said chapter, as most recently amended by this act, and shall make a report to the house and the senate committees on ways and means, no later than May 1, 2022, with recommendations on implementation of: (1) an updated rate table for calculation of the estate tax; and (2) regular increases in the amount of the exemption under section 3 of chapter 65C; provided, however, that the recommended rates must be calculated such that the implementation is revenue neutral.