SECTION 1. Section 4 of Chapter 62 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by striking out subsection (b) and inserting in place thereof the following new subsection:-
(b) Part B taxable income shall be taxed at a rate of 5.15% for tax years beginning on or after January 1, 2015.
SECTION 2. Section 6 of said chapter 62 is hereby amended by striking out, in subsection (h), in lines 239 and 243, the figure “15” and inserting in place thereof the figure “30”.
SECTION 3. Section 13 of Chapter 186 of the acts of 2002 is hereby repealed.
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