SECTION1. Section 1 of chapter 60A is hereby amended by striking the following:-
In the year preceding the designated year of manufacture…………………..……….50%
In the year of manufacture…………………..…………………..…………………..…………………90%
In the second year…………………..…………………..…………………..…………………..…………60%
In the third year…………………..…………………..…………………..…………………..………….…40%
In the fourth year…………………..…………………..…………………..…………………..………….25%
In the fifth and succeeding years…………………..…………………..…………………..……….10%
and inserting in its place the following:-
In the year preceding the designated year of manufacture…………………..……….50%
In the year of manufacture…………………..…………………..…………………..…………………90%
In the second year…………………..…………………..…………………..…………………..…………75%
In the third year…………………..…………………..…………………..…………………..………….…60%
In the fourth year…………………..…………………..…………………..…………………..………….45%
In the fifth………………….………….………….………….………….………….………….……………….25%
In the sixth and succeeding years…………..………..…………………..…………………..……10%
SECTION 2. This act shall take effect upon its passage.
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