32. Municipalities shall be entitled to a compensation, payable out of the consolidated revenue fund, in lieu of the right to impose a retail sales tax.
Such compensation shall be one-fourth of the tax collected under this act during each fiscal year from the 1st of April 1967.
It shall be apportioned for each fiscal year as follows.
1965 (1st sess.), c. 27, s. 3; 1966-67, c. 34, s. 8.