SECTION ONE: Subsection (b) of Part B of Section 3 of Chapter 62 of the General Laws of Massachusetts is hereby amended by striking out subparagraphs (1) through (3) and inserting in place thereof the following new subparagraphs:
(1) In the case of a single person or a married person filing a separate return, for tax years beginning on or after January 1, 2009,
(A) a personal exemption of $20,000,
(B) an additional exemption of $5,000 if the taxpayer was totally blind at the close of his taxable year, and
(C) an additional exemption of $2,000 dollars if the taxpayer had attained the age of sixty-five before the close of his taxable year.
(1A) In the case of a head of household, as defined under the provisions of section two (b) of the Code, filing a separate return, for tax years beginning on or after January 1, 2009,
(A) a personal exemption of $30,000,
(B) an additional exemption of $5,000 if the taxpayer was totally blind at the close of his taxable year, and
(C) an additional exemption of $2,000 if the taxpayer had attained the age of sixty-five before the close of his taxable year.
(2) In the case of a husband and wife filing a joint return, for tax years beginning on or after January 1, 2009,
(A) a personal exemption of $40,000,
(B) an additional exemption of $5,000 for each spouse who was totally blind at the close of his taxable year, and
(C) an additional exemption of $2,000 for each spouse who had attained the age of sixty-five before the close of his taxable year.
(3) An exemption of $5,000 for each individual who qualifies for exemption as a dependent under section one hundred and fifty-one (c) of the Code, for tax years beginning on or after January 1, 2009.
SECTION TWO:
Subsection (b) of Section 4 of Chapter 62 is hereby stricken and replaced with the following new subsection (b):
(b) Part B taxable income shall be taxed at the rate of 7.5 per cent for tax years beginning on or after January 1, 2009.
SECTION THREE: If any part of this act is found unconstitutional, this act shall be null and void.
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