Bill Text: MA H3610 | 2009-2010 | 186th General Court | Introduced

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Bill Title: Transfer certain capital gains tax revenue to the General Fund and the Stabilization Fund

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 7/22 at 10:00 AM in Hearing Room B2 [H3610 Detail]

Download: Massachusetts-2009-H3610-Introduced.html

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The Commonwealth of Massachusetts

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PRESENTED BY:

Charles A. Murphy, James Dwyer

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
                Court assembled:

                The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:

An Act directing the disposition of capital gains tax revenue.

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PETITION OF:

 

Name:	District/Address:
James Dwyer	30th Middlesex
Charles A. Murphy	21st Middlesex
Alice K. Wolf	25th Middlesex
Mary E. Grant	6th Essex
Alice Hanlon Peisch	14th Norfolk

 

The Commonwealth of Massachusetts

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In the Year Two Thousand and Nine

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An Act directing the disposition of capital gains tax revenue.

                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 5C of chapter 29 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by inserting, after subsection (a), the following  subsection:-

(a ½) after the disposition of revenue in subsection (a), all remaining revenues received from capital gains, as that term is defined in section 1 of chapter 62, shall be transferred to the General Fund and the Stabilization Fund in equal shares.