Certain pensions and annuity distributions are tax-exempt under Massachusetts law. They are payments from contributory plans of the U.S. government, Massachusetts and its subdivisions, and other states that do not tax such income from Massachusetts. Any benefits in excess of contributions not taxed by Massachusetts constitute this tax expenditure.
Origin: M.G.L. c. 62, §§ 2(a)(2)(E)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2016
FY2017
FY2018
FY2019
FY2020
Personal Income Tax
Exclusions from Gross Income
1.006
Exemption of Distributions from Certain Contributory Pension and Annuity Plans
Certain pensions and annuity distributions are tax-exempt under Massachusetts law. They are payments from contributory plans of the U.S. government, Massachusetts and its subdivisions, and other states that do not tax such income from Massachusetts. Any benefits in excess of contributions not taxed by Massachusetts constitute this tax expenditure.
<a href="http://www.mass.gov/legis/laws/mgl/62-2.htm" target="_blank">M.G.L. c. 62, §§ 2(a)(2)(E)</a>
340.1
365.1
376.0
386.0
394.9
Loading...