Press Release: 11/2/2026

Massachusetts Small Businesses Stress Importance of 62F Tax Rebate Law Ahead of Election Day

 

October 30, 2026

The 62F law was passed in 1986 as a check on unfettered revenue growth and spending

FOR IMMEDIATE RELEASE

 

BOSTON, MA (Oct. 30, 2026) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization with thousands of members across the Commonwealth, urged Massachusetts residents to update the state’s 62F tax rebate law at a press conference this morning with other business groups regarding Question 5 on next week’s election ballot.

 

“As small business owners are set to enter the voting booth next week with affordability and competitiveness on their mind, it’s abundantly clear that Beacon Hill has failed to deliver on either,” said Christopher Carlozzi, Massachusetts state director for NFIB. “When tax relief is on the table, whether in the legislature or at the ballot box, employers are resolute in their choice for Main Street businesses to be able to grow, invest in their operations, and create new jobs. Forty years ago, Massachusetts residents made clear that excess tax revenue should be rebated when state spending became unchecked. Now is the opportunity to modernize and improve the existing 62F law to ensure that residents will receive their fair share of rebates as intended to provide the much-needed relief state lawmakers have yet to offer.” 

 

The state’s 62F law was approved by Massachusetts voters in 1986 and sought to control state budget growth through revenue collection and spending caps. Refunds were triggered twice since the law’s inception, once in 1987 and again in 2022 when roughly 14% of residents and pass-through small business income tax liabilities were refunded. The 62F law was passed as a check on unfettered revenue growth and spending, and reforming the law next week will encourage more rebates back to taxpaying residents and small businesses that could use the money to cover the cost of rising health insurance premiums, energy bills, taxes, and a myriad of other expenses.   

 

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