On Thursday, September 28, 2023, the Massachusetts Senate voted in favor of Bill H. 4104 to increase the Massachusetts estate tax filing threshold to $2,000,000. The Massachusetts House of Representatives approved the Bill on Wednesday, September 27, 2023.

The Senate voted 38-1 to accept Bill H. 4104, which exempts the estates of decedents dying on or after January 1, 2023, from MA estate tax if the federal taxable estate is not more than $2,000,000. The Bill proposes to increase Massachusetts’s current estate tax filing threshold, which is $1,000,000.  

The Bill has been enacted by both the House and the Senate and is now before Governor Maura Healey. The Bill is expected to be signed into law before the 2023 legislative term ends on November 15, 2023. 

If you are the legal representative or family member of the estate of a decedent dying after January 1, 2023, please contact us as soon as possible to review the estate administration process. Estate administration clients should contact their attorney to discuss the impact of the Bill on estate tax returns for decedents who have died in 2023. Clients with assets of $1,000,000 or more should also contact their attorney to review their estate plan goals.