SECTION 1. Section 2A of chapter 65C of the General Laws is hereby amended by inserting after subsection (e) the following new subsection:-

(f) Notwithstanding any other provision of law, for the purposes of computing the tax imposed by subsection (a) upon the transfer of the estate of each person dying on or after January 1, 2022, who, at the time of death, was a resident of the commonwealth, and for the purposes of computing the tax imposed by subsection (b) upon the transfer of real property situated in the commonwealth and tangible personal property having an actual situs in the commonwealth of each person dying on or after January 1, 2022, who, at the time of death, was not a resident of the commonwealth, the credit for state death taxes that would have been allowable to a decedent's estate as computed under Code section 2011, as in effect on December 31, 2000, shall be computed by striking out the first 7 rows after the table header in paragraph (1) of subsection (b) thereof and inserting in place thereof the following:-

Not over $1,040,000.........0% of the amount by which the taxable estate exceeds $40,000.

SECTION 2. This Act shall take effect as of January 1, 2022.