SECTION 1. Section 5 of chapter 59 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by striking out, in line 1117, the words “twenty thousand dollars” and inserting in place thereof the following words “, in the taxable year beginning on January 1, 2018, $40,000, and in the taxable year beginning on or after January 1, 2019, $40,000 multiplied by the percentage, if any, by which the CPI, as defined by subsection (k) of section 6 of chapter 62, for the preceding calendar year exceeds the CPI for calendar year 2018.
SECTION 2. Said section 5 of said chapter 59, as so appearing, is hereby further amended by inserting after the word “household”, in line 1124, the following words: or $80,000, whichever is greater.
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.