An Act relative to equal state tax treatment for foreign Social Security-equivalent benefits

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act relative to equal state tax treatment for foreign Social Security-equivalent benefits

An Act relative to equal state tax treatment for foreign Social Security-equivalent benefits By Representative Sabadosa of Northampton and Senator Comerford, a joint petition (subject to Joint Rule 12) of Lindsay N.

What This Bill Does

• An Act relative to equal state tax treatment for foreign Social Security-equivalent benefits By Representative Sabadosa of Northampton and Senator Comerford, a joint petition (subject to Joint Rule 12) of Lindsay N.
• Sabadosa and Joanne M.
• Comerford relative to taxation of certain foreign government pension benefits.
• Revenue.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

An Act relative to equal state tax treatment for foreign Social Security-equivalent benefits
By Representative Sabadosa of Northampton and Senator Comerford, a joint petition (subject to Joint Rule 12) of Lindsay N. Sabadosa and Joanne M. Comerford relative to taxation of certain foreign government pension benefits. Revenue.
Status:
Referred to Joint Committee on Revenue

Current Bill Text

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Bill H.5260

Paragraph (2) of subsection (a) of section 2 of chapter 62 of the General Laws, as appearing in the 2024 Official Edition, is hereby amended by striking out subparagraph (H) and inserting in place thereof the following subparagraph:-

(H) Social security benefits included in federal gross income under section 86 of the Code and foreign government pension benefits that are the equivalent of United States Social Security benefits, as recognized by a reciprocal tax treaty between the United States and a foreign country.

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