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HOUSE DOCKET, NO. 1154         FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1732


The Commonwealth of Massachusetts



Martha M. Walz


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 encourage retirement savings.






Martha M. Walz

8th Suffolk

Cory Atkins

14th Middlesex

Linda Campbell

15th Essex

Thomas P. Conroy

13th Middlesex

Jonathan Hecht

29th Middlesex

Steven L. Levy

4th Middlesex

Carl M. Sciortino, Jr.

34th Middlesex

Bruce E. Tarr


HOUSE DOCKET, NO. 1154        FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1732

By Ms. Walz of Boston, a petition (accompanied by bill, House, No. 1732) of Martha M. Walz and others relative to the taxation of contributions to retirement accounts. Revenue.


SEE HOUSE, NO. 3612 OF 2009-2010.]

The Commonwealth of Massachusetts


In the Year Two Thousand Eleven



An Act to encourage retirement savings.

              Whereas, The deferred operation of this act would tend to defeat its purpose, which is to encourage retirement savings, therefore, it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.

              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 2 of Chapter 62 of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by striking subparagraph (D) of paragraph (1) of subsection (d).

              SECTION 2. Chapter 62C of the General Laws is hereby amended by inserting after section 87 the following section: 

              Section 88. The Department of Revenue shall not assess an individual who is an employee or owner-employee within the meaning of section four hundred and one (c) of the Code and who excluded or deducted elective contributions to plans defined in section four hundred one (k) within the limitations set out in section four hundred and two (g)(1) of the Code for tax years prior to 2009.

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