Section 6 Surtax Implementation 2

Section 5G of said chapter 29 of the General Laws, as appearing in the 2020 Official Edition, is hereby further amended by adding the following sentence:-

For purposes of this section, income tax revenues collected due to the additional 4 per cent income tax levied pursuant Article XLIV of the Articles of amendment of the Constitution, as added by CXXI of the Articles of Amendment, shall not be considered to be tax revenue collected from capital gains income.

This section, along with five others, formally incorporates the 4% surtax into the Massachusetts General Laws and establishes the Education and Transportation Fund for deposit of surtax revenues.