HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 5006

The Commonwealth of Massachusetts

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INITIATIVE PETITION OF 

                                                                  OFFICE OF THE SECRETARY.

                                                                  BOSTON, JANUARY 3, 2018.

Timothy Carroll

Clerk of the House of Representatives

State House

Boston, Massachusetts 02133

     Sincerely,

WILLIAM FRANCIS GALVIN

Secretary of the Commonwealth.

AN INITIATIVE PETITION.

    Pursuant to Article XLVIII of the Amendments to the Constitution of the Commonwealth, as amended, the undersigned qualified voters of the Commonwealth, ten in number at least, hereby petition for the enactment into law of the following measure:

        FILED ON: 2/4/2026

 SECTION 1. Section 2 of chapter 62F of the General Laws as appearing in the 2024 Official Edition is hereby amended by replacing the definitions of “Computed Maximum State Tax Revenues” and “State Tax Revenues” with the following —

 “Computed Maximum State Tax Revenues” means for any fiscal year beginning after June 30, 2027 an amount determined by multiplying the Net State Tax Revenues, as defined herein, for the immediately preceding fiscal year by the allowable state tax growth factor, as defined herein, for the then current fiscal year.

 “State Tax Revenues” means the revenues of the Commonwealth from every tax, surtax, receipt, penalty and other monetary exaction, and interest in connection therewith, including but not limited to, taxes and surtaxes on personal income (including, for purposes of any calculation under this chapter beginning after June 30, 2027, income surtax revenues collected and deposited into the Education and Transportation Fund pursuant to Section 2BBBBBB of chapter 29 of the General Laws), excises and taxes on retail sales and use, meals, motor vehicle fuels, businesses and corporations, public utilities, alcoholic beverages, tobacco, inheritances, estates, deeds, room occupancy and pari-mutuel wagering; but excluding federal reimbursements, proceeds from bond issues, earnings on investments, tuitions, fees, service charges and other departmental revenues, and revenues directly attributable to the additional taxes levied pursuant to section eighty-eight of chapter six hundred and eighty-four of the Acts of nineteen hundred and seventy- five.

 SECTION 2. Effective for purposes of any calculation under chapter 62F of the General Laws as appearing in the 2024 Official Edition for any fiscal year beginning after June 30, 2027, Section 2BBBBBB of chapter 29 of the General Laws as appearing in the 2024 Official Edition is hereby amended by striking out subparagraph (d).

 SECTION 3. The provisions of this law are severable, and if any clause, sentence, paragraph or section of this chapter, or an application thereof, shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder thereof but shall be confined in its operation to the clause, sentence, paragraph, section, or application adjudged invalid.

FIRST TEN SIGNERS

CERTIFICATE OF THE ATTORNEY GENERAL.

Honorable William Francis Galvin

Secretary of the Commonwealth

One Ashburton Place, Room 1705

Boston, Massachusetts 02108

RE: Initiative Petition No. 25-17: An Act relative to limiting state tax collection growth and returning surpluses to taxpayers

Dear Secretary Galvin:

 In accordance with the provisions of Article 48 of the Amendments to the Massachusetts Constitution, I have reviewed the above-referenced initiative petition, which was submitted to me on or before the first Wednesday of August of this year.

 I hereby certify that this measure is in proper form for submission to the people; that the measure is not, either affirmatively or negatively, substantially the same as any measure which has been qualified for submission or submitted to the people at either of the two preceding biennial state elections; and that it contains only subjects that are related or are mutually dependent and which are not excluded from the initiative process pursuant to Article 48, the Initiative, Part 2, Section 2.

 In accordance with Article 48, I enclose a fair, concise summary of the measure.

Sincerely,

INSPECTOR GENERAL,

Attorney General.

Summary of 25-17.