By Representative Higgins of Leominster, a petition (accompanied by bill, House, No. 2826) of Natalie M. Higgins and Kate Lipper-Garabedian relative to the repeal of the sales tax exemption for aircraft. Revenue.
By Representative O'Day of West Boylston, a petition (accompanied by bill, House, No. 2908) of James J. O'Day and others relative to excluding certain income from the calculation of the tax on incomes in excess of one million dollars. Revenue.
By Representative O'Day of West Boylston, a petition (accompanied by bill, House, No. 2909) of James J. O'Day and others for legislation to require certain married couples to submit joint income tax returns. Revenue.
Maddy summaryThis bill, titled "An Act increasing tax fairness," aims to adjust how taxable income is calculated for state tax purposes. The legislation directly affects individuals and entities subject to state income taxation by proposing changes to the rules governing what counts as taxable earnings. Currently, the bill is in the early stages of the legislative process, having been referred to the Revenue Committee and scheduled for a hearing, but it has not yet been enacted into law. As a result, no specific tax rates, deductions, or exemptions have been finalized or implemented.
By Representative Sabadosa of Northampton and Senator Miranda, a joint petition (accompanied by bill, House, No. 2397) of Lindsay N. Sabadosa, Liz Miranda and others relative to parole review for aging incarcerated persons. Public Safety and Homeland Security.
By Representative Fluker Oakley of Boston, a petition (accompanied by bill, House, No. 2325) of Brandy Fluker Oakley and others for legislation to maximize out-of-cell time and opportunities for incarcerated people to attend education, training, employment, and other programs. Public Safety and Homeland Security.
Maddy summaryThis bill creates a new state fund called the Housing First and Housing for All Fund, which would be financed by taxes on the gross receipts of businesses. The money in this fund is strictly designated to prevent and reduce homelessness, expand affordable housing options, and provide financial assistance to individuals and families at risk of losing their homes. Specific uses for the funds include supporting rental vouchers, building emergency and permanent housing, offering legal help in eviction cases, and providing down payment assistance for first-time homebuyers. Additionally, the bill requires the state to publish an annual report detailing the fund's revenue and balance to ensure transparency in how the money is managed.
Maddy summaryThis bill, titled "An Act promoting estate tax fairness," aims to modify the existing estate tax system, though the provided text does not specify the exact changes or who would be directly affected. The legislation was referred to the Revenue Committee and has been accompanied by a study order to gather more information before further action. As the official abstract and summary are brief, the specific mechanisms or provisions of the bill are not detailed in the available records.
Maddy summaryThis bill modifies Massachusetts estate tax rules to adjust how taxes are calculated for large estates and to provide a specific credit for smaller ones. It directly affects individuals who leave behind taxable estates, changing the tax liability for those with assets over $20 million and offering a partial tax reduction for estates valued between $1 million and $1.05 million. Under the new provisions, estates exceeding $20 million would owe a fixed base tax of $2,676,400 plus 19% of the amount over that threshold. Additionally, estates falling within the $1 million to $1.05 million range would receive a $35,000 credit, which decreases by 70 cents for every dollar the estate value exceeds $1 million. These changes aim to refine the state's revenue collection from inheritance while providing relief for mid-sized estates.
Maddy summaryThis bill modifies Massachusetts tax laws to ensure that money raised from the 2022 Fair Share Amendment is not counted as general state revenue. Specifically, it prevents the state from using funds generated by this constitutional amendment to offset or reduce the personal income tax liability of individual taxpayers. By legally separating these specific tax revenues from the broader definition of state income, the legislation aims to preserve the original intent of the amendment.
