HOUSE DOCKET, NO. 2174 FILED ON: 1/17/2013
HOUSE . . . . . . . . . . . . . . . No. 2726
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Angelo M. Scaccia
_______________
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 relative to the tax treatment of pensions.
_______________
PETITION OF:
Name: | District/Address: |
Angelo M. Scaccia | 14th Suffolk |
HOUSE DOCKET, NO. 2174 FILED ON: 1/17/2013
HOUSE . . . . . . . . . . . . . . . No. 2726
By Mr. Scaccia of Boston, a petition (accompanied by bill, House, No. 2726) of Angelo M. Scaccia relative to tax deductions on certain pensions. Revenue. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE
HOUSE
, NO. 3014 OF 2011-2012.]
The Commonwealth of Massachusetts
An Act relative to the tax treatment of pensions.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Subparagraph (E) of paragraph (2) of Subsection (a) of section 2 of chapter 62 of the General Laws, as appearing in the 2000 Official Edition, is hereby amended by adding the following words:— “; provided, however, this deduction otherwise allowable under this subparagraph attributable to one taxpayer shall not in the aggregate exceed $50,000.”
SECTION 2. Subparagraph (F) of said paragraph (2) of subsection (a) of said section 2 of said chapter 62, as so appearing, is hereby amended by adding the following sentence:— “In no event shall the aggregate of the otherwise allowable deductions of this subparagraph attributable to any one taxpayer exceed $50,000.”
