Massachusetts 194th General Court Status: Introduced 1 R cosponsors

S740 — An Act relative to certificate of deposit interest income

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 194th General Court. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

An Act relative to certificate of deposit interest income

Bill Text

  • Full text Current

How this bill changes current law

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The bill exempts certificate of deposit interest income earned in Massachusetts from state income tax.

  • Section 71

    "Notwithstanding any general or special law to the contrary, certificate of deposit interest income earned at any Massachusetts bank as defined in chapter 167, shall not be subject to the taxable income requirements of chapter 62."

    This change adds a new provision that exempts certain interest income from taxation.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 203 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (203)

203 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
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Frequently asked questions

What does S740 do?
An Act relative to certificate of deposit interest income
Who sponsors S740?
S740 is sponsored by Ryan C. Fattman (Republican).
What is the current status of S740?
This bill died with 194th General Court. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S740?
Track S740 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 4 months ago · updated continuously

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