Mass. taxpayers to get $3 billion back under obscure law, state officials say
Massachusetts taxpayers are due to receive nearly $3 billion from the state after a windfall of tax collections triggered an obscure 1980s-era law for just the second time in nearly four decades, officials said Thursday, clearing the way for potentially millions of taxpayers to get a slice of the unprecedented credit.
State Auditor Suzanne M. Bump said her office certified that the state is required to return $2.94 billion under a 1986 voter-passed measure intended to limit state tax revenue growth to the growth of total wages and salaries, and return any excess to taxpayers.
Still, several crucial details remained unclear, notably how, and when, people could receive money and how much individuals should expect.
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