AN ACT AUTHORIZING THE CITY OF NEWTON TO ESTABLISH INCOME QUALIFICATIONS FOR A CERTAIN TAX DEFERRAL PROGRAM.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Notwithstanding clause forty-first A of section 5
of chapter 59 of the General Laws, the city of Newton may, by ordinance, adopt
a maximum qualifying gross receipts amount of more than $40,000 but not
more than $60,000 for purposes of the tax deferral program authorized under
that section. This ordinance may include formulas that allow partial
exemptions for eligible persons who have gross receipts of more than $40,000
but not more than $60,000.
This act shall take effect upon its passage.