ECTION 1. Section 3(B)(a)(9) of Chapter 62 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by striking out the text.
SECTION 2. Section 6(k)(2) of Chapter 62 of the General Laws, as appearing, is hereby amended by striking out the text “, who is 65 years of age or older” and by inserting at the end of last sentence the following:-
for taxpayers 65 years of age or older and not exceed $0 for all other taxpayers; however, beginning with the taxable year on or after January 1, 2018, the credit limit will be increased for all taxpayers regardless of age, rounded up to the next multiple of $10, such that the estimated total reduction in revenue provided to taxpayers under this subsection is as close as possible but not less than the estimated total reduction in revenue anticipated from section 3(B)(a)(9), had it not been repealed
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