18 Hrs
Source:
The Boston Globe
Tax ballot targets increased refund frequency
The Massachusetts Supreme Judicial Court blocked a proposed income tax cut initiative from appearing on the ballot due to a technical error by the attorney general's office. While the tax cut would have significantly reduced revenue and impacted fiscal stability, a separate measure to revise the state's Chapter 62F revenue cap remains scheduled for a November vote. This proposal aims to increase automatic tax refunds by adjusting the calculation method, which could lead to more frequent and larger refunds, but also has potential drawbacks such as revenue unpredictability and fiscal strain.
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