STATE:

Why NFIB

Take Action

Get Support

Stay Informed

Podcast Podcast

Careers Careers

Join Now

Home / News /

Massachusetts Estate Tax Reform…Part 2

January 18, 2023 Last Edit: June 5, 2025

Massachusetts Estate Tax Reform…Part 2

Legislators were sworn-in, Governor Healey’s inauguration is over, and now the Massachusetts legislature is gearing up for another busy session. But will it include much-needed tax reforms? You may remember that in 2022, an economic development bill with various tax reforms was passed by both the House and the Senate but failed to receive final approval. The bill stalled out in the final days of session because legislative leaders claimed the 62F refunds threw tax relief plans into a state of uncertainty. This economic development package included long overdue estate tax reform, a policy that is now more important than ever, after the passage of the so-called millionaire’s tax. Massachusetts currently has the lowest estate tax exemption in the nation at $1 million, the 2022 proposal called for doubling the exemption to $2 million. It also called for the elimination of the fiscal cliff. Both changes would make Massachusetts’ estate tax slightly less onerous. It is important that lawmakers include estate tax reform in any 2023 tax relief bills. The increased exemption and elimination of the fiscal cliff would be a step in the right direction as Massachusetts is one of a small number of states that still has an estate or inheritance tax. NFIB will continue advocating for estate tax reforms with the end goal of eliminating this burdensome and unfair tax.

Topics:

Taxes

State:

Massachusetts

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

May 22, 2026

Millionaire Tax, New Mandates Mark Another Tough Session for State’s Small Businesses

Despite setbacks, NFIB defeated 90% of bills most harmful to small businesses

May 20, 2026

Post-Primary Comment on the Defeat of Measure 120

Voters send clear message: State government should live within its means

Man in a dark suit and blue polka-dot tie speaks during a live C-SPAN Washington Journal interview, with a cityscape backdrop visible behind him.

May 20, 2026

NFIB on C-SPAN: How Small Businesses are Managing Economic Pressures

A discussion on C-SPAN featuring an NFIB expert covers the current state of the small business economy and the top issues that are impacting Main Street.

May 19, 2026

Small Businesses Encouraged by Introduction of Ohio Gas Tax Reduction

House Bill 850 proposes an immediate 50% reduction for three months.

Massachusetts Estate Tax Reform…Part 2

Related Articles