Chapter 62F of the Massachusetts General Laws stems from a voter passed initiative from 1986, spearheaded by Citizens for Limited Taxation (CLT). That law claims that if state tax collections are greater than the growth in salaries and wages, any surplus must be returned to...

Before the end of the last legislative session, and after many months of over-collections in state taxes, Beacon Hill actually pondered a series of tax breaks and reforms including targeted tax relief along with long anticipated reform of our antiquated estate tax law...