HOUSE DOCKET, NO. 2950        FILED ON: 1/16/2025

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3081

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:

HOUSE DOCKET, NO. 2950        FILED ON: 1/16/2025

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3081

The Commonwealth of Massachusetts

_______________

In the One Hundred and Ninety-Fourth General Court
(2025-2026)

_______________

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:
 

SECTION 1: 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.