Governor Charles D. Baker's Budget Recommendation - House 1 Fiscal Year 2016

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Outside Section 31

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Treatment of Capital Gains in FY16

SECTION 31.   Notwithstanding any general or special law to the contrary, the comptroller shall not make any transfers required under section 5G of chapter 29 of the General Laws attributable to capital gains tax collections during fiscal year 2016.

This section, which duplicates a section included in the fiscal year gap-closing legislation sponsored and signed by Governor Baker, allows all capital gains tax collections to be credited to the General Fund in fiscal year 2016.

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