Amendment ID: S2446-4

Amendment 4

Quarterly Tax Payments

Mr. Tarr moves to amend the bill by inserting, after section__, the following new sections:-

“SECTION AA. Subsection (c) of section 3 of chapter 63B of the General Laws, as appearing in the 2012 Official Edition, is hereby amended by striking out the first and second sentences and inserting in place thereof the following 3 sentences:-

For purposes of this chapter, there shall be 4 required installments for each taxable year, except as otherwise provided by this chapter. The first installment shall be paid on or before the fifteenth day of the third month of the taxable year; the second installment shall be paid on or before the fifteenth day of the sixth month of the taxable year; the third installment shall be paid on or before the fifteenth day of the ninth month of the taxable year; and the fourth installment shall be paid on or before the fifteenth day of the twelfth month of the taxable year. The amount of any installment shall be 25 per cent of the required annual payment.

SECTION BB. Section 4A of said chapter 63B, as so appearing, is hereby amended by striking out, in line 4, the word “sixty-five percent” and inserting in place thereof the following words:- 50 per cent.

SECTION CC. Said section 4A of said chapter 63B, as so appearing, is hereby further amended by striking out, in line 9, the word “ten percent” and inserting in place thereof the following words:- 25 per cent.