Bill > H1

This bill formally incorporates the 4% surtax on income over $1 million into Massachusetts law and establishes the Education and Transportation Fund for deposit of surtax revenues. Key provisions include: - Creating the Education and Transportation Fund to receive revenue from the 4% surtax, with limits on recurring and one-time spending from the fund. - Requiring quarterly and annual certification by the Commissioner of Revenue of surtax revenue amounts to be transferred to the Education and Transportation Fund. - Allowing MassHealth to directly negotiate rebate agreements for drugs and non-drug products not subject to the Medicaid Drug Rebate Program. - Eliminating asset tests for eligibility in the Medicare Savings Program. - Allowing the Department of Youth Services to offer voluntary services and supports to youth beyond the current 90-day cutoff after discharge. - Requiring the Department of Correction to provide incarcerated individuals with up to 1,000 minutes per month of free phone calls. - Changing the dates by which the MBTA must submit its capital budget to align with the Commonwealth's capital planning process. - Transferring 10% of tobacco settlement funds to the State Retiree Benefits Trust Fund in fiscal year 2024. - Authorizing the transfer of funds between the Prescription Advantage program, Health Safety Net Trust Fund, and Medicare Savings Programs. The bill also includes other provisions related to administration of various health and human services programs, local aid, and the state pension system.

Budget and Finance

https://malegislature.gov/Bills/193/H1