By Mr. Brown, a petition (accompanied by bill, Senate,
No. 1701) of Scott P. Brown for legislation to further
regulate the income tax rate. Revenue. |
By Mr. Brown, a petition (accompanied by bill, Senate,
No. 1701) of Scott P. Brown for legislation to further
regulate the income tax rate. 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. Notwithstanding any special or general law to the contrary, for taxable years commencing on or after January first, two thousand and seven, Part B taxable income shall be taxed at the lowest rate otherwise set by law but not to exceed 5.0 percent.
