Amendment #630 to H5007

Removing Tax Breaks to the Largest Estates

Ms. Uyterhoeven of Somerville moves to amend the bill in Section 96, in line 1435, by striking out the words “(f) Effective for the estates of decedents dying on or after January 1, 2023, for purposes of computing the tax imposed by subsections (a) and (b), the credit shall be determined based on the value of the federal taxable estate after such estate is reduced by $2,000,000. Estates of decedents dying on or after January 1, 2023 are not required to pay any tax under subsection (a) or (b) if the value of the federal taxable estate is $2,000,000 or less.” and inserting in place thereof the words “(f) Estates of decedents dying on or after January 1, 2023 are not required to pay any tax under subsection (a) or (b) that would reduce the after-tax value of the federal taxable estate to $2,000,000 or less.”.

Additional co-sponsor(s) added to Amendment #630 to H5007

Removing Tax Breaks to the Largest Estates