MassachusettsMassachusetts projects taxes below revenue limit, excluding 4% income surtax
Massachusetts revenue officials forecast taxes $5.75 billion below the fiscal year 2027 revenue limit, excluding the additional 4% income tax; estimates may change.
What it does
Massachusetts forecasts tax revenue about $5.75 billion below the state revenue limit for fiscal year 2027, excluding the additional 4% income tax. That forecast may change as more data becomes available.
Argument forThe report could help lawmakers and residents track taxes against the state revenue limit, which excludes the 4% income surtax.
Argument againstResidents and officials could put too much weight on the forecast, which may change as more tax data becomes available.
More detail
The Department of Revenue reports tax collections and forecasts revenue against the state limit. The report covers Massachusetts net state tax revenue. The comparison excludes revenue from the additional 4% income tax. The forecast uses available data and may be revised. Collections run through August 31, 2026; the forecast covers the fiscal year ending June 30, 2027.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 15Placed on fileIntroduced
Taxes & Budget