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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.

Overview

For the fiscal year ended June 30, 2025, we have determined that the net state tax revenues of $41,683,046,477 were below the allowable state tax revenues of $46,384,735,613 (as defined in Chapter 62F of the Massachusetts General Laws) by $4,701,689,136, 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 15, 2025

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