Submitted by your_city_councilor t3_y863vu in massachusetts
LegisLAYshun t1_isym1e7 wrote
One of the issues is likely that there are two different things being discussed:
- The Chapter 62F rebate, and
- The economic development bill the legislature passed that included permanent tax changes and a rebate program.
The first item (62F rebates) will happen. The second (economic development bill) will not, unless something significant changes.
The spending in the economic development bill, including the tax changes and rebate program, was predicated on the surplus that has now been diverted to make the 62F rebates possible. Both chambers passed a version of that bill, but they were not reconciled in time to pass a final version. The legislature would have to resume formal sessions in order to pass a final version of the economic development bill, but it would be significantly smaller than the versions previously passed by the House and Senate, and would likely not include the tax changes or rebate program.
Rep. Belsito's statement was an opinion on Chapter 62F and doesn't change if or how the 62F refunds will be disbursed. So there will be a 62F refund, though I can't comment on the timing (the administration has said November) or accuracy of the estimate calculator one way or another.
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