Bill
Bill > H4078
MA H4078
Creating a 'Chapter 62F calculations' study group of fiscal harms caused by excluding new local tax revenue from "allowable state tax revenue" calculations and other such calculations
summary
Introduced
08/31/2023
08/31/2023
In Committee
08/31/2023
08/31/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to creating a Chapter 62F calculations study group of fiscal harms caused by excluding new local tax revenue from "allowable state tax revenue" calculations and other such calculations. Revenue.
AI Summary
This bill creates a study group to review and evaluate the factors used in calculating state tax revenues and the allowable state tax growth factor under Chapter 62F of the General Laws. The study group will examine the amount of state tax revenues from various sources, including municipal economic activity, as well as issues regarding the inclusion of certain designated revenues, such as unemployment insurance assessments and motor vehicle fuels excises, in the calculation of excess state tax revenues. The study group will also analyze the effect of factors like increased inflation and changes in federal tax on the formula and factors used in Chapter 62F. The commissioner of the Department of Revenue will file a report with the legislature by June 30, 2024, presenting the results of the study group's review and any recommendations for legislative action regarding Chapter 62F.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4720 (on 06/12/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H4078 |
| BillText | https://malegislature.gov/Bills/193/H4078.pdf |
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