Massachusetts H488 amends the Community Preservation Trust Fund by reducing the contribution rate from 9% to 4.5%.
Massachusetts H488 modifies the Community Preservation Trust Fund by lowering the contribution rate from 9% to 4.5%. This change affects the allocation of funds from gaming revenue to the trust, impacting the fund's resources for community preservation efforts. The bill amends Section 55 of chapter 23K of the General Laws, specifically altering the contribution percentage for daily gross gaming revenue.
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