Updates Massachusetts estate tax to align with federal tax thresholds.
This bill amends the estate tax in Massachusetts to match the federal tax thresholds. It allows a credit against the tax for estates of decedents dying on or after January 1, 2025, up to the federal threshold. The bill also removes the requirement for estates to pay tax if their value is below the federal threshold level.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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