Section 86
Section 86 Application of Excess Capital Gains
Notwithstanding any general or special law to the contrary, the comptroller shall reduce any transfers attributable to capital gains tax collections required pursuant to section 5G of chapter 29 of the General Laws during fiscal year 2025 by an amount not to exceed $375,000,000 if the secretary of administration and finance determines in writing that the funds are necessary to achieve balance for fiscal year 2025.
Summary
This section established the manner in which excess capital gains are applied in FY25.
Other Post-Employment Benefits Liability
Disaster Relief and Resiliency Fund Report