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| 2 | 2 | | SENATE DOCKET, NO. 2237 FILED ON: 1/20/2023 |
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| 3 | 3 | | SENATE . . . . . . . . . . . . . . No. 1766 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Nick Collins |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act protecting the fair share amendment. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :Nick CollinsFirst SuffolkWilliam Francis GalvinSecretary of Commonwealth1/27/2023 1 of 2 |
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| 16 | 16 | | SENATE DOCKET, NO. 2237 FILED ON: 1/20/2023 |
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| 17 | 17 | | SENATE . . . . . . . . . . . . . . No. 1766 |
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| 18 | 18 | | By Mr. Collins, a petition (accompanied by bill, Senate, No. 1766) of Nick Collins and William |
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| 19 | 19 | | Francis Galvin for legislation to protect the fair share amendment. Revenue. |
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| 20 | 20 | | The Commonwealth of Massachusetts |
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| 21 | 21 | | _______________ |
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| 22 | 22 | | In the One Hundred and Ninety-Third General Court |
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| 23 | 23 | | (2023-2024) |
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| 24 | 24 | | _______________ |
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| 25 | 25 | | An Act protecting the fair share amendment. |
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| 26 | 26 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 27 | 27 | | of the same, as follows: |
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| 28 | 28 | | 1 Section 1. Chapter 10 of the General Laws, as appearing in the 2020 Official Edition, is |
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| 29 | 29 | | 2hereby amended by adding after Section 35SSS the following section:- |
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| 30 | 30 | | 3 “Section 35TTT: Fair Share Fund |
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| 31 | 31 | | 4 Section 35TTT. There shall be established and set up on the books of the commonwealth |
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| 32 | 32 | | 5a separate fund to be known as the Fair Share Fund, to provide the resources for quality public |
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| 33 | 33 | | 6education and affordable public colleges and universities, and for the repair and maintenance of |
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| 34 | 34 | | 7roads, bridges and public transportation in the commonwealth in accordance with Article CXXI |
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| 35 | 35 | | 8of the Constitution. Said fund shall consist of all revenues received by the commonwealth and |
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| 36 | 36 | | 9credits: (1) under the provisions of section two of chapter sixty-two; or (2) from public and |
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| 37 | 37 | | 10private sources as gifts, grants, and donations to further the goals enumerated in article CXXI of |
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| 38 | 38 | | 11the Constitution. 2 of 2 |
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| 39 | 39 | | 12 All revenues credited under this section shall remain in said Fair Share Fund: to be |
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| 40 | 40 | | 13expended, subject to appropriation by the legislature, for the purpose of advancing public |
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| 41 | 41 | | 14education, improving the affordability of public colleges and universities, and for the repair and |
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| 42 | 42 | | 15maintenance of roads, bridges, and public transportation. The state treasurer shall not deposit |
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| 43 | 43 | | 16said revenues in or transfer said revenues to the General Fund or any other fund other than the |
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| 44 | 44 | | 17Fair Share Fund |
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| 45 | 45 | | 18 The state treasurer shall receive and deposit all revenues transmitted to him under the |
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| 46 | 46 | | 19provisions of this section in such manner that will ensure the highest rate of interest available |
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| 47 | 47 | | 20consistent with the safety of the fund, and in an account from which amounts may be withdrawn |
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| 48 | 48 | | 21at any time without penalty for such withdrawal, all interest accrued shall be deposited into the |
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| 49 | 49 | | 22fund.” |
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| 50 | 50 | | 23 Section 2. Subsection (B) of subsection 3 of section 2 of Chapter 62 of the General Laws, |
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| 51 | 51 | | 24as appearing in the 2020 Official Edition, is hereby amended by adding at the end thereof the |
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| 52 | 52 | | 25following paragraph: |
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| 53 | 53 | | 26 “Persons over the age of sixty-five years who sell a principal residence which they have |
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| 54 | 54 | | 27continually owned for more than thirty years and who meet the income eligibility requirements |
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| 55 | 55 | | 28for real estate tax abatements in their city or town shall be exempt from the application of the |
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| 56 | 56 | | 29surtax authorized by Article XLIV of the Massachusetts Constitution as most recently amended |
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| 57 | 57 | | 30(by Article CXXI of the Massachusetts Constitution) to an amount not to exceed $750,000.” |
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