An Act relative to estate tax reform
This bill modifies Massachusetts estate tax laws to exempt estates with a net value below two million dollars from taxation for deaths occurring after December 31, 2022. It directly affects individuals who pass away in the future with estates under this threshold, ensuring their assets are not subject to state estate tax. The key provision adds a specific exemption to the existing statute, effectively raising the minimum taxable estate amount for future decedents. This change alters the current tax structure by establishing a new floor for liability rather than adjusting tax rates or brackets.
Bill status
passed
3 of 4 stages cleared
Introduction
Feb 2023
Committee Review
Feb 2023
House Passage
Feb 2023
Governor
Introduced Feb 16, 2023
Last action Jun 13, 2024
Floor votes
How they voted
This bill passed the House. No roll call record of that vote is available.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
1
Feb 16, 2023
Lower · Passed
House concurred
lower
Feb 16, 2023
Committee
Referred to the committee on Revenue
upper
1 primary · 14 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Julian Cyr
DDemocratic
Co
Adam Gómez
DDemocratic
Co
Becca Rausch
DDemocratic
Co
Carmine Gentile
DDemocratic
Co
Dan Sena
DDemocratic
Co
Jamie Eldridge
DDemocratic
Co
Jason Lewis
DDemocratic
Co
Jo Comerford
DDemocratic
Co
Liz Miranda
DDemocratic
Co
Mike Brady
DDemocratic
Co
Mike Connolly
DDemocratic
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