Budget Amendment ID: FY2021-S4-135

EDU 135

Sales Tax revenue to early education and care

Mr. Tran moved that the proposed new text be amended by inserting after section _ the following new section:-

"SECTION_. Section 1A of chapter 15D as appearing in the 2018 official edition by inserting after in 37 the following:-

''Dedicated sales tax revenue amount'', all monies received by the commonwealth equal to 1 per cent of the gross receipts of a sale as defined in chapter 64H and 1 per cent of the sales price of a purchase as defined by chapter 64I from that portion of the taxes imposed under said chapters 64H and 64I as excises upon the sale and use at retail of tangible property or services, and upon the storage, use or other consumption of tangible property or services, including interest thereon and penalties plus commencing in fiscal year 2015, the amount of $160,000,000 in each fiscal year thereafter but not including any portion of the taxes imposed on the sale of meals as defined in paragraph (h) of section 6 of said chapter 64H."