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Elimination of estate tax starts
[City Edition]
Boston Globe (pre-1997 Fulltext) - Boston, Mass.
Author: Hanafin, Teresa M
Date: Sep 19, 1992
Start Page: 18
Section: ECONOMY
Abstract (Document Summary)

In 1993 the state will tax only estates worth $300,000 or more, and increase the floor gradually each year until it reaches $600,000 in 1996. In 1997 Massachusetts will adopt a so-called sponge tax, in which the state picks up a portion of the federal estate tax for its own coffers.

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