SECTION 1. Section 5G of Chapter 29 of the General Laws, as appearing in the 2020 Official Edition, is hereby further amended by inserting, at the end of its first paragraph, the following:- For purposes of this section, tax revenues estimated to have been collected from capital gains income shall not include any revenues attributable to the Amendment to the Constitution adopted by the voters at the 2022 general election.
SECTION 2. Section 2 of Chapter 62F of the General Laws, as so appearing, is hereby amended by inserting the following language, immediately before the period at the end of the definition of “State Tax Revenues”:- and the additional revenues attributable to the Amendment to the Constitution adopted by the voters at the 2022 general election”
SECTION 3. Section 6 of said Chapter 62F, as so appearing, is hereby amended by inserting at the end of the first paragraph the following:- For purposes of this section, a taxpayer’s personal income tax liability shall not include any liability imposed pursuant to the Amendment to the Constitution adopted by the voters at the 2022 general election.
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