Employee stock bonus plans, employee
pension plans and employee profit-sharing
plans are exempt from the Massachusetts
personal income tax.
Origin: M.G.L. c. 62, § 5(b)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2020
FY2021
FY2022
FY2023
FY2024
Personal Income Tax
Deferrals of Gross Income
1.103
Exemption of Earnings on Stock Bonus Plans,
Pensions or Profit-Sharing Trusts
Employee stock bonus plans, employee<BR>pension plans and employee profit-sharing<BR>plans are exempt from the Massachusetts<BR>personal income tax.
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section5" target="_blank">M.G.L. c. 62, § 5(b)</a>
901.4
1,025.3
1,173.6
1,333.1
1,504.0
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