"THE FIRST CHECKS and direct deposits from a nearly $3 billion pot of excess tax revenue will head back to taxpayers starting on Tuesday when the calendar flips to November, the Baker administration announced Friday.A spokesperson for the Executive Office of Administration and Finance said money will head out the door under the voter-approved tax cap law known as Chapter 62F, which taxpayers triggered for the first time since 1987 by delivering massive amounts of taxes.
About 3 million taxpayers will receive a refund in the form of a mailed check or a direct deposit worth about 14 percent of what they owed in state personal income tax in 2021, the spokesperson said. The administration plans to distribute the refunds on a rolling basis through December 15. The administration had previously estimated refunds of about 13 percent of income tax liabilities."
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Eligible taxpayers will receive their refunds on a rolling basis, Governor Charlie Baker’s office said. LUKE SHARRETT/BLOOMBERG |