SECTION 1. Section 39 of chapter 63 of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by striking lines 36-39, inclusive, and inserting in place thereof the following:-

(1) $2.60 per 1,000 for taxable years beginning on or after January 1, 2014 but before January 1, 2015;

$2.23 per 1,000 for taxable years beginning on or after January 1, 2015 but before January 1, 2016;

$1.86 per 1,000 for taxable years beginning on or after January 1, 2016 but before January 1, 2017;

$1.49 per 1,000 for taxable years beginning on or after January 1, 2017 but before January 1, 2018;

$1.11 per 1,000 for taxable years beginning on or after January 1, 2018 but before January 1, 2019;

$0.74 per 1,000 for taxable years beginning on or after January 1, 2019 but before January 1, 2020;

$0.37 per 1,000 for taxable years beginning on or after January 1, 2020 but before January 1, 2021; and

$0.00 per 1,000 for taxable years beginning on or after January 1, 2021 but before January 1, 2022, and for all subsequent taxable years;

upon the value of: (i) its tangible property as determined to be taxable under paragraph 7 of section 30 if a tangible property corporation; or (ii) its net worth as determined to be taxable under paragraph 8 of section 30 if an intangible property corporation; and

SECTION 2. Section 1 shall be effective for tax years beginning on or after January 1, 2013.