Skip to Content

Print Document Text

Download PDF



HOUSE DOCKET, NO. 1028         FILED ON: 1/19/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1724

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Benjamin Swan

_______________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
              Court assembled:

              The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying:

An Act amending the withholding tax laws for withdrawals from retirement accounts.

_______________

PETITION OF:

 

Name:

District/Address:

Benjamin Swan

11th Hampden

Gloria L. Fox

7th Suffolk


HOUSE DOCKET, NO. 1028        FILED ON: 1/19/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1724

By Mr. Swan of Springfield, a petition (accompanied by bill, House, No. 1724) of Benjamin Swan and Gloria L. Fox relative to the withholding tax laws for withdrawals from retirement accounts.  Revenue. 

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE
                                HOUSE
                            , NO. 2932 OF 2009-2010.]


The Commonwealth of Massachusetts
 

 

An Act amending the withholding tax laws for withdrawals from retirement accounts.
 

              Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

                            SECTION 5. Subparagraph (b) of chapter 62 of the General Laws, as appearing in the 2009-2010 Official Edition, is hereby amended by adding thereafter section 2, as follows:—

                         SECTION 2.  (E)(1) Income from any annuity or retirement account to which the taxpayer has contributed income which was previously subject to taxation under Chapter 62 of the General Laws and constituted wages or was subject to voluntary withholding.

                           Section 2 of Chapter 62B of the General Laws, as appearing in the 2009-2010 Official Edition, is hereby amended by inserting in place thereof the following: — hundred and five of said code and subject to federal withholding, except those periodic payments and non-periodic distributions which qualify under Subparagraph (E) (1) of paragraph (2) of subsection (a) of section 2 of chapter 62 of the General Laws, and.

                          SECTION 2 of paragraph (2) the provisions of this act shall be effective for all tax years beginning on or after January 1st.
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.