HOUSE DOCKET, NO. 3863        FILED ON: 1/16/2009

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2804

The Commonwealth of Massachusetts

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In the Year Two Thousand Nine

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An Act establishing a separate capital gains tax fund..

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION1.The Department of Revenue shall derive an average for capital gains tax receipts and that any amount above the average shall be deposited into a capital gains fund to be used exclusively for capital expenditures.