Bill Text: MA H3612 | 2009-2010 | 186th General Court | Introduced
Bill Title: The taxation of contributions to retirement accounts
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2010-08-09 - Accompanied a study order, see H04974 [H3612 Detail]
Download: Massachusetts-2009-H3612-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Martha M. Walz
_______________
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 bill:
An Act to encourage retirement savings.
_______________
PETITION OF:
|
Name: |
District/Address: |
|
Martha M. Walz |
8th Suffolk |
|
Robert M. Koczera |
11th Bristol |
|
Bruce E. Tarr |
First Essex and Middlesex |
|
Christine E. Canavan |
10th Plymouth |
|
Robert L. Rice, Jr. |
2nd Worcester |
|
Thomas P. Conroy |
13th Middlesex |
|
Richard J. Ross |
9th Norfolk |
|
Cory Atkins |
14th Middlesex |
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
_______________
An Act to encourage retirement savings.
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. Section 2 of Chapter 62 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by striking out subparagraph D of paragraph (1) of subsection (d).
SECTION 2. Chapter 62C of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by inserting after section 87 the following section:
Section 88. The Department of Revenue shall not assess an individual who is an employee or owner-employee within the meaning of section four hundred and one (c) of the Code and who excluded or deducted elective contributions to plans defined in section four hundred one (k) within the limitations set out in section four hundred and two (g)(1) of the Code for tax years prior to 2009.
