Bill Text: MA H2720 | 2009-2010 | 186th General Court | Introduced
Bill Title: Authorize tax free contributions to a trust for the care of incapacitated parents or guardians
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 6/10 at 10:00 AM in Hearing Room B2 [H2720 Detail]
Download: Massachusetts-2009-H2720-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Viriato Manuel deMacedo
_______________
To the
Honorable Senate and House of Representatives of the Commonwealth of
Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:
An Act authorizing tax free contributions to a trust for the care of incapacitated persons.
_______________
PETITION OF:
Name: |
District/Address: |
Viriato Manuel deMacedo |
1st Plymouth |
[SIMILAR MATTER FILED IN PREVIOUS
SESSION
SEE HOUSE, NO. 2884 OF 2007-2008.]
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
_______________
An Act authorizing tax free contributions to a trust for the care
of incapacitated persons.
Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
SECTION 1. Chapter 62 of the General Laws, as appearing in the 2006
Official Edition, is hereby amended by inserting after section 6I the following
section:—
Section 6J. A parent or guardian of a person who is disabled, as defined in the
federal Social Security Act, 42 U.S.C. §1382c (a)(3)(A), may contribute an
amount not to exceed ten percent of his gross income to a supplemental needs
trust for the care of such disabled person and such contribution shall be
exempt from taxation under the provisions of this chapter.
For purposes of this paragraph, a “supplemental needs trust” shall mean a trust
used to provide a supplemental source for payment of goods and services that
are otherwise unavailable from any publicly funded benefit program or to
provide a higher quality of care than is otherwise available.