Amendment #221 to H5500

Increasing Estate Tax to $3 million

Mr. Howitt of Seekonk moves to amend the bill by adding the following section:

“SECTION X. Section 2A of Chapter 65C, as appearing in the 2024 Official Edition, is hereby amended by striking subsections (f) and (g) and inserting in place thereof the following:-

‘(f) For the estates of decedents dying on or after January 1, 2026, a credit shall be allowed against the tax imposed by subsections (a) and (b) equal to the amount of such tax; provided, however, that the credit shall not exceed $182,000.

(g) The estates of decedents dying on or after January 1, 2026, shall not be required to pay any tax under subsections (a) and (b) if the value of the federal taxable estate is not more than $3,000,000.’”

Additional co-sponsor(s) added to Amendment #221 to H5500

Increasing Estate Tax to $3 million