Wednesday, August 31, 2022
Today the Chief Financial Officer of the Massachusetts Department of Revenue, pursuant to Chapter 62 F of the Massachusetts General Laws, sent the letter posted below to the Auditor of the Commonwealth, Suzanne Bump. The letter states that Massachusetts state tax revenues exceed the amount allowed by Chapter 62F by $2, 941,499, 730, triggering the provisions in the law that require rebates to taxpayers in this amount. The next step in the process that leads to these rebates being issued is the certification of the amount contained in the letter ( which also includes supporting documentation regarding the methods used to calculate the amount of excess revenue collected ). Now it is incumbent on the Auditor to act in a timely and efficient manner to honor the requirements of the law, which was passed as an initiative petition by the voters of our state in 1986.