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HOUSE DOCKET, NO. 2378 FILED ON: 1/20/2011 HOUSE . . . . . . . . . . . . . . . No. 2534
The Commonwealth of Massachusetts _________________ PRESENTED BY: Bradley H. Jones, Jr. _______________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying: An Act reducing the income tax rate. _______________ PETITION OF:
HOUSE DOCKET, NO. 2378 FILED ON: 1/20/2011 HOUSE . . . . . . . . . . . . . . . No. 2534
[SIMILAR MATTER FILED IN PREVIOUS SESSION
An Act reducing the income tax rate. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: SECTION 1. Section 4 of chapter 62 of the General Laws, as appearing in the 2008 official edition, is hereby amended by striking out subsection (b) in its entirety and inserting in place thereof the following subsection:- (b) Part B taxable income shall be taxed at the rate of 5.15 percent for the taxable year beginning January 1, 2012. SECTION 2. Section 4 of said chapter 62 of the General Laws, as so appearing, is hereby amended by striking out subsection (b) in its entirety and inserting in place thereof the following subsection:- (b) Part B taxable income shall be taxed at the rate of 5 percent for the taxable year beginning January 1, 2013. SECTION 3. Section 1 of this act shall be effective only for the taxable year beginning January 1, 2012 SECTION 4. Section 2 of this act shall be effective for taxable years beginning on or after January 1, 2013. |