Summary of Bill S 2075

Title

An Act relative to providing direct relief to the residents of the commonwealth by increasing the threshold on no tax status

Purpose and Intent

Bill S 2075 aims to provide direct financial relief to residents of Massachusetts by increasing the income thresholds for no tax status. This change is intended to alleviate the tax burden on lower-income individuals and families, thereby enhancing their financial stability.

Key Provisions

The bill proposes the following amendments to Chapter 62 of the Massachusetts General Laws:

1. Increase in No Tax Status Thresholds:

   • The individual income threshold for no tax status will be raised from $8,000 to $12,550.

2. Joint Filing Threshold:

   • For married couples filing jointly, the no tax status threshold will increase to $25,100.

3. Head of Household Threshold:

   • For individuals filing as head of household, the threshold will be set at $18,800.

These changes are designed to allow more residents to qualify for no tax status, thereby reducing their overall tax liabilities.

Affected Parties

The bill primarily affects:
- Low to moderate-income individuals and families in Massachusetts who may benefit from the increased thresholds.
- Married couples and heads of households who will see an increase in the income level at which they are exempt from state income tax.

Legislative Timeline

• Introduced: February 27, 2025
• Referred to Committee: February 27, 2025 (Committee on Revenue)
• House Concurrence: February 27, 2025
• Hearing Scheduled: November 18, 2025, from 10:00 AM to 1:00 PM in Room A-1

Conclusion

Bill S 2075 represents a significant step towards providing financial relief to Massachusetts residents by adjusting the income thresholds for no tax status. If enacted, it could positively impact many families and individuals by reducing their tax obligations and improving their financial situations. The upcoming hearing will provide an opportunity for further discussion and input on the bill's provisions.