SECTION 1. Subsection (a) of section 38M of chapter 63 of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by striking out, in line 7, the words “base amount”.
SECTION 2. Said subsection (a) of section 38M of chapter 63, as so appearing, is hereby further amended by inserting after the second sentence the following sentence:-
The term “base amount” will be defined in the same manner it is defined under section 41 of said Code as amended and in effect on August 12, 1991, however, the fixed base percentage applied shall not exceed 5 per cent.
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