Bill > S1475

This bill proposes changes to Massachusetts tax laws to reinvest in working families. Specifically, it amends Section 4 of Chapter 62 of the General Laws to set the tax rate for "Part B taxable income" at 5.15% for tax years beginning on or after January 1, 2015. "Part B taxable income" refers to a specific category of income subject to taxation. Additionally, the bill amends Section 6 of the same chapter by changing figures in subsection (h) from "15" to "30" on specified lines, though the exact nature of this change without further context is unclear. Finally, it repeals Section 13 of Chapter 186 of the acts of 2002, effectively removing a previously enacted provision.