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.
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.