Budget Amendment ID: FY2018-S3-31

OTH 31

Senior Circuit Breaker Tax Credit

Messrs. Tarr and O'Connor moved that the proposed new text be amended that the proposed new text be amended by inserting after section __ the following new section:-

“SECTION __. Paragraph (3)(ii) of subsection (k) of Section 6 of Chapter 62 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by inserting after the definition of  "CPI'' in line 439 the following new text:-

“Credit”, as used in this subsection the word credit shall mean Senior Circuit Breaker Tax Credit.

and inserting after line 545 the following new text:-

(10)The commissioner shall annually, not later than November 1, file a report with the house and senate committees on ways and means, the joint committee on elder affairs and the joint committee on revenue identifying by community the total amount of tax credits claimed and the total number of tax filers who received the tax credits for the preceding fiscal year.