January 01, 2022

'Snowbird bill' aims to keep Massachusetts seniors from leaving state for lower estate taxes

Amy Sokolow ,

Boston Herald/Union Leader

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, noted that the risk of losing the state's aging population to other states like Florida and New Hampshire already has a ripple effect on the state's other revenues, including capital gains taxes, interest, dividends, sales tax and more. The Herald reported earlier this year that the state lost $20.7 billion in adjusted gross income between 1993 and 2018.