Amendment ID: S35-2

Amendment 2

Temporary Corporate Tax Rate Restoration to Offset Revenue Losses

Ms. Rausch, Ms. Chang-Diaz and Mr. Eldridge move that the proposed new text be amended by inserting after section XX the following section:- 

SECTION XX. Notwithstanding section 39 of chapter 63 of the General Laws, or any other general or special law to the contrary, the corporate income tax rate for the tax year beginning January 1, 2021 shall be 9.5 per cent of the net income determined to be taxable in accordance with said chapter 63.