Capital Gains Distribution
Messrs. Tarr and Fattman moved that the proposed new text be amended by striking section 74 in its entirety and inserting in place thereof the following:- "SECTION 74. Notwithstanding any general or special law to the contrary, the comptroller shall transfer capital gains collected in excess of the threshold under section 5G of chapter 29 of the General Laws on a quarterly basis as follows: (i) 10 per cent to the Commonwealth’s Pension Liability Fund established in subsection (e) of subdivision (8) of section 22 of chapter 32 of the General Laws of said section 22C of said chapter 32 which shall go towards satisfying the fiscal year 2026 requirements set forth in subdivison (1) of said sect…
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