Amendment #392 to H3400

An Act relative to reducing the income tax to 5%

Mr. Lombardo of Billerica moves to amend the bill by adding the following section:-

“SECTION XX.  Section 4 of chapter 62 of the General Laws, as appearing in the 2012 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 per cent for tax years beginning on or after January 1, 2016.”