Taxpayer Organizations calling on lawmakers to ensure …
Legal teams ready to defend tax relief law
Should Beacon Hill officials try to duck the tax relief requirements of Chapter 62F over the next month, at least two groups of taxpayers, newly including one supported by major right-leaning groups like Citizens for Limited Taxation, have organized themselves to be prepared to ask the state’s court system to step in.
New bulletin spells out state’s tax relief approach
The Baker administration took meaningful steps Friday towards sending nearly $3 billion in excess state revenue back to taxpayers, officially repealing the regulation that governed how taxpayers obtained a credit the only other time that Chapter 62F came into play, in 1987, and releasing a technical document spelling out exactly how the process will work this year.
Lawmakers looking to move forward economic development …
New bill would limit refunds under 1986 tax cap law
A group of progressive Democrats will push to set a $6,500 limit on the maximum tax credit high-income earners in Massachusetts can receive under a mandatory refund law known as Chapter 62F, taking aim at the policy less than a month before the Baker administration expects to begin shipping out cash.
Legislators still feeling sting from 62F
Baker’s bill-filing ability could come into play …
As the House and Senate’s overtime talks around tax relief and economic development stretch on, Senate President Karen Spilka suggested Tuesday that Gov. Charlie Baker might end up being the one to put forward a bill to provide funding for things like housing, hospitals and electric vehicle policies.