Origin: 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
FY2021
FY2022
FY2023
FY2024
FY2025
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 pension plans and employee profit-sharing plans are exempt from the Massachusetts personal income tax.
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section5" target="_blank">M.G.L. c. 62, § 5(b)</a>
1,038.4
1,062.0
1,171.9
1,335.1
1,510.8
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