MA H3046

Bill

MA H3046

Relative to the revenue to the stabilization fund

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to the commitment of a certain percentage of revenue to the stabilization fund. Revenue.

AI Summary

This bill aims to establish a balanced budget requirement for the state of Massachusetts. It requires the governor to submit a balanced budget to the general court, where a balanced budget is defined as having a consolidated net surplus of at least 0.5% of revenue receipts and a transfer to the Commonwealth Stabilization Fund of at least 0.5% of revenue receipts. The bill also specifies the process for certifying the consolidated net surplus and making transfers to the Stabilization Fund, which cannot be withdrawn without a recorded vote by the legislative branches.

Committee Categories

Budget and Finance

Sponsors (1)

John Rogers (D)*,

Last Action

Accompanied a study order, see H5247 (on 09/26/2022)

Official Document

https://malegislature.gov/Bills/192/H3046

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H3046
Bill	https://malegislature.gov/Bills/192/H3046.pdf

Bill	Bill Name	Last Action	Type
H2882	Relative to fines on certain commercial and revenue property	No further action taken	Similar To
H5247	Revenue	No further action taken	Replaced by
S1349	Relative to marijuana-related revenue in the town of Millbury	Read second and ordered to a third reading	Similar To
S1810	Relative to sunsetting tax expenditures	Accompanied a study order, see H5247	Similar To
S1842	To support voluntary income tax assistance sites and expand access to the earned income tax credit	Accompanied a new draft, see H4997	Similar To
S1931	Relative to equalizing the Department of Revenue interest rates	Accompanied H2956	Similar To
S2140	To equitably support enhanced 911 service	Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next session	Similar To
S2484	Relative to third party settlement organizations	Accompanied a study order, see H5250	Similar To
S2529	Authorizing the expenditure of $500,000 from town of Brookline Marijuana Mitigation Stabilization Fund for purpose of advancing racial equity in the town of Brookline	No further action taken	Similar To

Bill > H3046

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

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