Amendment ID: S2397-17

Amendment 17

Taxation of Small Business in the Commonwealth

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

"SECTION 1. Subsection (a) of section 32D of chapter 63 of the General Laws is hereby amended by striking out the figure “$6,000,000”, each time it appears, and inserting in place thereof, in each instance, the following figure:- $12,000,000.

SECTION 2. Said subsection (a) of said section 32D of said chapter 63, as so appearing, is hereby further amended by striking out the figure “$9,000,000”, each time it appears, and inserting in place thereof, in each instance, the following figure:- $18,000,000.

SECTION 3. Said subsection (a) of section 32D of chapter 63 of the General Laws is hereby amended by inserting after clause (2) the following paragraph:-

For the purposes of this section, the total receipts thresholds shall increase by the percentage of the Consumer Price Index from the previous calendar year issued by the federal Bureau of Labor Statistics or shall remain the same in the event of a decrease in the Consumer Price Index."