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December 07, 2023 Clouds | 31°F
The 193rd General Court of the Commonwealth of Massachusetts

Section 3: Limitation on growth of allowable state tax revenues

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.