Massachusetts 2025-2026 Regular Session

Massachusetts House Bill H3081

Introduced
2/27/25  

Caption

Establishing a tax exemption for pension income for certain senior citizens of the Commonwealth

Impact

The implementation of H3081 is expected to positively impact many senior citizens, particularly those with limited income. By exempting a portion of their pension income from taxation, the bill aims to alleviate financial pressure on older residents. This financial support can help ensure that seniors have adequate resources to cover essential expenses, such as healthcare and housing, contributing to their overall well-being and stability within their communities.

Summary

House Bill H3081 proposes a tax exemption for pension income for certain senior citizens in Massachusetts. The bill aims to provide financial relief to senior citizens who are taxpayers in the Commonwealth by exempting the first $20,000 of taxable pension income from state taxes. In addition, taxpayers who have paid taxes on pension income for over 20 years would qualify for a complete exemption on their taxable pension income, thereby enhancing their financial security during retirement.

Contention

While proponents of H3081 laud the bill for its intent to support elderly residents, there may be discussions around its potential impact on state revenue. Critics might argue that tax exemptions could reduce funds available for public services, thus igniting debates over the sustainability of such fiscal policies. Additionally, concerns could arise regarding whether the income thresholds are appropriately set and if the bill fairly addresses the needs of all senior citizens across different socioeconomic backgrounds.

Companion Bills

MA H5318

Replaced by Study Order

Previously Filed As

MA H3095

Providing for an income tax exemption for senior citizens

MA H3004

Authorizing cities and towns to provide a residential exemption to senior citizens

MA H3250

Relative to income tax relief for senior citizens

MA H3099

Authorizing the establishment of a means tested senior citizen property tax exemption

MA S2036

Authorizing the establishment of a mean tested senior citizen property tax exemption

MA SB393

Authorizing senior citizens to claim an exemption from tax increases as to certain real property; and providing for termination of the exemption.

MA HB824

Dawson County; ad valorem tax; close new applications for certain homestead exemptions for senior citizens

MA S1944

Relative to the exemption of private pension income from taxation

MA H3105

Relative to the establishment of a means tested senior citizen property tax exemption

MA H3979

Authorizing the City of Melrose to establish a means tested senior citizen property tax exemption

Similar Bills

No similar bills found.