Amendment #364 to H3400
5% and 5% in 5 Years
Representatives Jones of North Reading, Peterson of Grafton, Hill of Ipswich, Poirier of North Attleborough, deMacedo of Plymouth, Barrows of Mansfield, Beaton of Shrewsbury, Boldyga of Southwick, D'Emilia of Bridgewater, Durant of Spencer, Ferguson of Holden, Frost of Auburn, Gifford of Wareham, Howitt of Seekonk, Humason of Westfield, Hunt of Sandwich, Kuros of Uxbridge, Orrall of Lakeville, Smola of Palmer, Vieira of Falmouth, Wong of Saugus and Harrington of Groton move to amend the bill by adding the following sections:--
“SECTION AA. Section 2 of chapter 64H of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by striking out the words “6.25 per cent” and inserting in place thereof the following words:- 6 per cent.
SECTION BB. Section 2 of said chapter 64H of the General Laws, as so appearing, is hereby amended by striking out the words “6 per cent” and inserting in place thereof the following words:- 5.75 per cent.
SECTION CC. Section 2 of said chapter 64H of the General Laws, as so appearing, is hereby amended by striking out the words “5.75 per cent” and inserting in place thereof the following words:- 5.5 per cent.
SECTION DD. Section 2 of said chapter 64H of the General Laws, as so appearing, is hereby amended by striking out the words “5.5 per cent” and inserting in place thereof the following words:- 5.25 per cent.
SECTION EE. Section 2 of said chapter 64H of the General Laws, as so appearing, is hereby amended by striking out the words “5.25 per cent” and inserting in place thereof the following words:- 5 per cent.
SECTION FF. Section 30A of chapter 64H is hereby amended by striking out, in each instance in which it appears, the word “6.25” and inserting in place thereof, in each instance, the following figure:- 6.
SECTION GG. Section 30A of said chapter 64H, as so appearing, is hereby amended by striking out, in each instance in which it appears, the figure “6” and inserting in place thereof, in each instance, the following figure:- 5.75.
SECTION HH. Section 30A of said chapter 64H, as so appearing, is hereby amended by striking out, in each instance in which it appears, the figure “5.75” and inserting in place thereof, in each instance, the following figure:- 5.5.
SECTION II. Section 30A of said chapter 64H, as so appearing, is hereby amended by striking out, in each instance in which it appears, the figure “5.5” and inserting in place thereof, in each instance, the following figure:- 5.25.
SECTION JJ. Section 30A of said chapter 64H, as so appearing, is hereby amended by striking out, in each instance in which it appears, the figure “5.25” and inserting in place thereof, in each instance, the following figure:- 5.
SECTION KK. Section 2 of chapter 64I of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by striking out the words “6.25 per cent” and inserting in place thereof the following words:- 6 per cent.
SECTION LL. Section 2 of said chapter 64I of the General Laws, as so appearing, is hereby amended by striking out the words “6 per cent” and inserting in place thereof the following words:- 5.75 per cent.
SECTION MM. Section 2 of said chapter 64I of the General Laws, as so appearing, is hereby amended by striking out the words “5.75 per cent” and inserting in place thereof the following words:- 5.5 per cent.
SECTION NN. Section 2 of said chapter 64I of the General Laws, as so appearing, is hereby amended by striking out the words “5.5 per cent” and inserting in place thereof the following words:- 5.25 per cent.
SECTION OO. Section 2 of said chapter 64I of the General Laws, as so appearing, is hereby amended by striking out the words “5.25 per cent” and inserting in place thereof the following words:- 5 per cent.
SECTION PP. Section 31A of chapter 64I, as so appearing, is hereby amended by striking out, in each instance in which it appears, the figure “6.25” and inserting in place thereof, in each instance, the following figure:- 6.
SECTION QQ. Section 31A of said chapter 64I, as so appearing, is hereby amended by striking out, in each instance in which it appears, the figure “6” and inserting in place thereof, in each instance, the following figure:- 5.75.
SECTION RR. Section 31A of said chapter 64I, as so appearing, is hereby amended by striking out, in each instance in which it appears, the figure “5.75” and inserting in place thereof, in each instance, the following figure:- 5.5.
SECTION SS. Section 31A of said chapter 64I, as so appearing, is hereby amended by striking out, in each instance in which it appears, the figure “5.5” and inserting in place thereof, in each instance, the following figure:- 5.25.
SECTION TT. Section 31A of said chapter 64I, as so appearing, is hereby amended by striking out, in each instance in which it appears, the figure “5.25” and inserting in place thereof, in each instance, the following figure:- 5.”
; and further, by inserting after SECTION XX, the following sections:-
“SECTION AAA. Section 4 of chapter 62 of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by striking out subsection (b) in its entirety and inserting in place thereof the following subsection:-
(b) Part B taxable income shall be taxed at the rate of 5.2 per cent.
SECTION BBB. Section 4 of said chapter 62 of the General Laws, as so appearing, is hereby amended by striking out subsection (b) in its entirety and inserting in place thereof the following subsection:-
(b) Part B taxable income shall be taxed at the rate of 5.15 per cent.
SECTION CCC. Section 4 of said chapter 62 of the General Laws, as so appearing, is hereby amended by striking out subsection (b) in its entirety and inserting in place thereof the following subsection:-
(b) Part B taxable income shall be taxed at the rate of 5.1 per cent.
SECTION DDD. Section 4 of said chapter 62 of the General Laws, as so appearing, is hereby amended by striking out subsection (b) in its entirety and inserting in place thereof the following subsection:-
(b) Part B taxable income shall be taxed at the rate of 5.05 per cent.
SECTION EEE. Section 4 of said chapter 62 of the General Laws, as so appearing, is hereby amended by striking out subsection (b) in its entirety and inserting in place thereof the following subsection:-
(b) Part B taxable income shall be taxed at the rate of 5 per cent.”
; and further, by inserting after SECTION XX, the following sections:-
“SECTION XX. Sections AA, FF, KK, PP, and AAA of this act shall be effective on January 1, 2015.
SECTION XX. Sections BB, GG, LL, QQ and BBB of this act shall be effective on January 1, 2016.
SECTION XX. Sections CC, HH, MM, RR and CCC of this act shall be effective on January 1, 2017.
SECTION XX. Sections DD, II, NN, SS and DDD of this act shall be effective on January 1, 2018.
SECTION XX. Sections EE, JJ, OO, TT and EEE of this act shall be effective on January 1, 2019.”.