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Volume 1
- Budget Message
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Volume 2
- Budget Development
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- Local Aid - Section 3
- Outside Sections
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- Appendix A
- Glossary
1.413 -Exemption of Interest on Savings in Massachusetts Banks
Item | Description | FY2011 | FY2012 | FY2013 |
---|---|---|---|---|
1.413 | Exemption of Interest on Savings in Massachusetts Banks
Up to $100 ($200 on a joint return) of interest from savings deposits or savings accounts in Massachusetts banks is excluded from "earned" income. Origin: M.G.L. c. 62, S. 3B(a)(6) Estimate: $5.1 |
4.9 | 5 | 5.1 |
Key:
ORIGIN | |
IRC | Federal Internal Revenue Code (26 U.S.C.) |
---|---|
U.S.C | United States Code |
M.G.L. | Massachusetts General Laws |
Rev. Rul.; C.B. | Revenue Ruling; Cumulative Bulletin of the U.S. Treasury |
ESTIMATES | All estimates are in $ millions. |
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