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MA S740
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Ryan Fattman
Click for details
AI Summary
- Exempts interest income earned on certificates of deposit (CDs) at Massachusetts banks from state income tax under Chapter 62
- Amends Section 71 of Chapter 171 of the General Laws by adding new language to subsection (o)
- Applies only to CDs held at banks defined under Chapter 167 (Massachusetts banks)
- Filed on January 17, 2025 by Senator Ryan C. Fattman (Worcester and Hampden) with co-sponsor Senator Bruce E. Tarr
- Referred to the Financial Services Committee
Legislative Description
Relative to certificate of deposit interest income
Last Action
Accompanied a study order, see S2845
12/11/2025
Committee Referrals
Financial Services2/27/2025
Full Bill Text
No bill text available