Code · Massachusetts · Part I — ADMINISTRATION OF THE GOVERNMENT · Title IX — TAXATION · Chapter 62F

Section 3: Limitation on growth of allowable state tax revenues

69 words·~1 min read·/ma/part-i/title-ix/chapter-62f/3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 3. Except as otherwise specifically provided herein, the governor and the general court in exercising their respective constitutional and statutory duties shall endeavor in each fiscal year to establish and approve a budget for the Commonwealth and set rates of taxation for the citizens of the Commonwealth such that net state tax revenues for said fiscal year shall not exceed allowable state tax revenues for said fiscal year.