Amendment ID: S3178-235-R1

Redraft Amendment 235

Personal Income Tax Exemption

Messrs. Tarr and O'Connor move that the proposed new text be amended by inserting after section _ the following sections:-

SECTION ___. Paragraph (b) of Part B of section 3 of chapter 62 of the General Laws, as appearing in the 2024 Official Edition, is hereby amended by striking out subparagraphs (1), (1A), and (2) and inserting in place thereof the following 4 subparagraphs:—

(1) In the case of a single person or a married person filing a separate return: (A) a personal exemption of $5,500 for taxable years beginning on or after January 1, 2027 and before January 1, 2028; (B) a personal exemption of $6,600 for taxable years beginning on or after January 1, 2028 and before January 1, 2029; (C) a personal exemption of $7,700 for taxable years beginning on or after January 1, 2029 and before January 1, 2030; and (D) a personal exemption of $8,800 for taxable years beginning on or after January 1, 2030.

(1A) In the case of a head of household, as defined under the provisions of section 2(b) of the Code, filing a separate return: (A) a personal exemption of $8,500 for taxable years beginning on or after January 1, 2027 and before January 1, 2028; (B) a personal exemption of $10,200 for taxable years beginning on or after January 1, 2028 and before January 1, 2029; (C) a personal exemption of $11,900 for taxable years beginning on or after January 1, 2029 and before January 1, 2030; and (D) a personal exemption of $13,600 for taxable years beginning on or after January 1, 2030.

(2) In the case of a husband and wife filing a joint return: (A) a personal exemption of $11,000 for taxable years beginning on or after January 1, 2027 and before January 1, 2028; (B) a personal exemption of $13,200 for taxable years beginning on or after January 1, 2028 and before January 1, 2029; (C) a personal exemption of $15,400 for taxable years beginning on or after January 1, 2029 and before January 1, 2030; and (D) a personal exemption of $17,600 for taxable years beginning on or after January 1, 2030.