Budget Amendment ID: FY2026-S3-785

OTH 785

Removing the Marriage Penalty for Millionaires Tax

Messrs. Tarr and Durant, Mrs. Dooner and Mr. O'Connor moved that the proposed new text be amended by inserting after section _____ the following new section:--

“SECTION ___A. Section 4(d) of chapter 62 of the General Laws, as appearing in section 28 of chapter 50 of the Acts of 2023, is hereby amended by striking out the third and fourth sentences and inserting in place thereof the following:

For purposes of determining the applicability of the additional 4 per cent tax under this subsection, a married couple may elect to file jointly or separately on their Massachusetts return, regardless of their federal filing status. The $1,000,000 threshold shall apply to each individual filing a separate return.

SECTION ____B. Section ____A shall take effect for taxable years beginning on January 1, 2025.”