Amendment #1022 to H3400

Estate Tax Exemption

Mrs. Harrington of Groton moves to amend the bill by adding the following section:

"SECTION  XXXX.  Section 3 of chapter 65C of the General Laws, as appearing in the 2012 Official Edition, is hereby amended by striking out, in lines 13 to 17, inclusive, the words “provided, that the exemption shall not exceed an amount equal to the smallest federal taxable estate that absorbs the allowable federal credit under section two thousand and ten of the Internal Revenue Code as amended and in effect as of the date of death of the decedent” and inserting in place thereof the following words:- ; provided, however that an exemption pursuant to this section shall not exceed $1,500,000.”.