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HOUSE DOCKET, NO. 2648 FILED ON: 1/18/2013 HOUSE . . . . . . . . . . . . . . . No. 2673
The Commonwealth of Massachusetts _________________ PRESENTED BY: Aaron Michlewitz _______________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying: An Act relative to unemployment tax relief. _______________ PETITION OF:
HOUSE DOCKET, NO. 2648 FILED ON: 1/18/2013 HOUSE . . . . . . . . . . . . . . . No. 2673
An Act relative to unemployment tax relief. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: An Act relative to unemployment tax relief SECTION 1: A resident of the Commonwealth who is unemployed, as defined in subsection (r) of Section 1 in Chapter 151A of the General Laws, shall be exempted from paying any tax penalties to the Commonwealth, as defined in Title IX of the General Laws, when withdrawing funds from any banking savings account, retirement account programs, or any other investment account when the purpose of the withdrawals is to pay for cost of living commitments by the unemployed individual. Cost of living commitments shall include: 1) Mortgage or rent payments 2) Utilities payments 3) Food payments 4) Any other commitments that the Department of Revenue shall deem appropriate SECTION 2: The unemployed individual shall provide appropriate statements to the Department of Revenue to verify the legitimacy of the withdrawals from said accounts to pay the cost of living commitments of said individual. |
