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Determination of Whether Net State Tax Revenues Exceeded Allowable State Tax Revenues - Conclusion

No credit is required to be issued to taxpayers.
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Overview

For the fiscal year ended June 30, 2024, we have determined that the net state tax revenues of $39,457,279,313 were below the allowable state tax revenues of $44,130,782,381 (as defined in Chapter 62F of the Massachusetts General Laws) by $4,673,503,068, resulting in no excess state tax revenues (see Exhibit I). As a result, no credit is required to be issued to taxpayers.

Date published: September 17, 2024

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