Amendment #362 to H3400

Live Free And Buy

[Sponsors] Mr. Winslow of Norfolk moves to amend the bill by inserting, after section XX, the following sections:

“SECTION XX.  Section 6 of chapter 62 of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by adding the following subsection:-

‘(r)  A taxpayer may take a credit against the taxes imposed by this chapter in an amount equal to the sales tax paid by the taxpayer under chapter 64H up to $300 per tax year, except such credit shall not exceed $150 for the tax year beginning on January 1, 2011.’

SECTION XX.  The commissioner of revenue shall promulgate regulations necessary to implement the provisions of section 1 on or before November 1, 2011.

SECTION XX.  The provisions of section 1 shall be effective for any tax year beginning on or after January 1, 2011.

SECTION XX.  Section 1 of this act shall take effect on December 2, 2011.”.