Amendment #20, as changed to H4314

Local Revenue for Affordable Housing Programs

Mr. Honan of Boston moves to amend the bill in section 4, in lines 81 to 84, inclusive, by striking out the paragraph contained in those lines and inserting in place thereof the following:-

(d) Any city or town which accepts the provisions of subsection (a) shall distribute an amount equal to 50 per cent of the excise tax collected by professionally managed hosts pursuant to this section to programs addressing either local infrastructure needs or low- and moderate-income housing programs; provided however, that not less than 25 per cent of such excise tax collected by professionally managed hosts shall be distributed to low- and moderate-income housing programs.