HOUSE DOCKET, NO. 2742 FILED ON: 2/18/2011 HOUSE . . . . . . . . . . . . . . . No. 3302 The Commonwealth of Massachusetts _________________ PRESENTED BY: Alice Hanlon Peisch _______________ 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 tax withholding for individual retirement accounts. _______________ PETITION OF: Name: | District/Address: | Alice Hanlon Peisch | 14th Norfolk |
HOUSE DOCKET, NO. 2742 FILED ON: 2/18/2011 HOUSE . . . . . . . . . . . . . . . No. 3302 By Ms. Peisch of Wellesley, a petition (accompanied by bill, House, No. 3302) of Alice Hanlon Peisch relative to tax withholding for individual retirement accounts. Revenue. |
The Commonwealth of Massachusetts
An Act relative to tax withholding for individual 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:
Chapter 62 of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by adding the following section:- Section 65. Every person who receives payments or distributions from an individual retirement account may choose the amount of income taxes to be withheld from such payment or distribution regardless of whether such payment is subject to federal withholding; provided, that the recipient files a form specifying said amount with the payer of the individual retirement account and the commissioner. |
