Amendment #2 to H3382

An Amendment to ensure adequate investment in the Commonwealth's infrastructure.

Mr. Toomey of Cambridge moves to amend the bill by inserting the following sections:-

SECTION XX: (a) Section 4 of chapter 62 of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by striking out subsection (b) and inserting in place thereof the following subsection:-

(b) Part B taxable income shall be taxed at the rate of 5.95 per cent for tax years beginning on or after January 1, 2014.

(b) Section 183 of chapter 184 of the acts of 2002, as amended by section 44 of chapter 300 of the acts of 2002, is hereby repealed.

SECTION XX: (a) Subparagraph (1) of paragraph (b) of part B of section 3 of chapter 62 of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by striking out clause (A) and inserting in place thereof the following clause:-

(A) a personal exemption of $11,000 for tax years beginning on or after January 1, 2014.

(b) Subparagraph (1A) of said paragraph (b) of said part B of said section 3 of said chapter 62, as so appearing, is hereby amended by striking out clause (A) and inserting in place thereof the following clause:-

(A) a personal exemption of $17,000 for tax years beginning on or after January 1, 2014.

(c) Subparagraph (2) of said paragraph (b) of said part B of said section 3 of said chapter 62, as so appearing, is hereby amended by striking out clause (A) and inserting in place thereof the following clause:-

(A) a personal exemption of $22,000 for tax years beginning on or after January 1, 2014.

Additional co-sponsor(s) added to Amendment #2 to H3382

An Amendment to ensure adequate investment in the Commonwealth's infrastructure.