HOUSE DOCKET, NO. 2408        FILED ON: 1/19/2023

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3661

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Carol A. Doherty

_________________

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 establishing a tax exemption for pension income for certain senior citizens of the Commonwealth.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Carol A. Doherty

3rd Bristol

1/19/2023

Ryan M. Hamilton

15th Essex

2/2/2023

Rodney M. Elliott

16th Middlesex

2/9/2023

James K. Hawkins

2nd Bristol

2/9/2023

Patrick M. O'Connor

First Plymouth and Norfolk

2/9/2023

Paul McMurtry

11th Norfolk

2/19/2023

Peter Capano

11th Essex

2/19/2023

Steven S. Howitt

4th Bristol

2/27/2023

Paul R. Feeney

Bristol and Norfolk

3/7/2023


HOUSE DOCKET, NO. 2408        FILED ON: 1/19/2023

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3661

By Representative Doherty of Taunton, a petition (accompanied by bill, House, No. 3661) of Carol A. Doherty and others for legislation to establish a tax exemption for pension income for certain senior citizens.  Revenue.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Third General Court
(2023-2024)

_______________

 

An Act establishing a tax exemption for pension income for certain senior citizens of the Commonwealth.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Subsection (b) of part B of section 3 of chapter 62 of the General Laws, as appearing in the 2020 Official Edition, is hereby amended by inserting after clause (5) the following clause:-

(6) (A) For purposes of this clause, “taxable pension income” shall mean pension income that is taxable under section 2.

(B) A taxpayer shall be exempt from the tax under this chapter on the first $20,000 of taxable pension income.

(C) A taxpayer shall be exempt from the tax under this chapter on 100 per cent of taxable pension income if the taxpayer has paid over 20 years of tax on taxable pension income.

(D) For the purposes of this clause the taxpayer shall be:

(i) a resident of the commonwealth;

(ii) over the age of 65; and

(iii) at or below the area median income where the taxpayer resides as defined by the department of housing and community development.