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Lokvani Team
07/27/2022

Massachusetts taxpayers could receive 'north of $2.5 billion' in tax relief!

With state coffers overflowing, Massachusetts taxpayers could receive nearly $3 billion in tax credits under an obscure 36-year-old-law which limits state tax revenue growth to the growth of total wages and salaries in the state.

Should revenue exceed that so-called "allowable" amount, taxpayers are then allowed credits equal to the excess amount.

https://www.bostonglobe.com/2022/07/28/metro/surprise-baker-says-taxpayers-could-receive-north-25-billion-tax-relief-under-little-known-law/



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