By Mr. LeDuc of Marlborough, petition (accompanied by bill, House, No. 3000) of Stephen P. LeDuc relative to dividends and interest considered to be gross income in calculating capital gains taxes.  Revenue.

The Commonwealth of Massachusetts

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PETITION OF:

Stephen P. LeDuc

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In the Year Two Thousand and Seven.

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An Act relative to the capital gains tax.

    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. Subsection (b) of section 2 of chapter 62 of the General Laws, as amended in section 2 of chapter 96 of the acts of 2002, is hereby further amended by striking out paragraph (1) and inserting in place thereof the following paragraph:—
(1) Part of gross income shall be the total interest and dividends included in Massachusetts gross income, other than.

SECTION 2. Paragraph (1) of said subsection (b) of said section 2 of said chapter 62, as so amended, is hereby further amended by striking out subparagraph (c).