SENATE DOCKET, NO. 61 FILED ON: 1/10/2013
SENATE . . . . . . . . . . . . . . No. 1371
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The Commonwealth of Massachusetts
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PRESENTED BY:
Michael O. Moore
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relative to an automatic reduction in the sales tax.
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PETITION OF:
Name: | District/Address: |
Michael O. Moore | Second Worcester |
SENATE DOCKET, NO. 61 FILED ON: 1/10/2013
SENATE . . . . . . . . . . . . . . No. 1371
By Mr. Michael O. Moore, a petition (accompanied by bill, Senate, No. 1371) of Michael O. Moore for legislation to automatically reduce the sales tax if certain revenue growth is exceeded. Revenue. |
The Commonwealth of Massachusetts
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In the Year Two Thousand Thirteen
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An Act relative to an automatic reduction in the sales tax.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. The executive office for administration and finance and the office of the state treasurer, in consultation with the department of revenue and the senate and house committees on ways and means, shall study the feasibility of establishing a schedule for an automatic reduction in the sales tax to 5 per cent if certain thresholds in revenue growth are exceeded. The executive office for administration and finance and the office of the state treasurer shall submit a final report of its findings and recommendations, together with drafts of legislation necessary to implement those recommendations, by filing the same with the clerks of the senate and house not later than December 31, 2013.