Massachusetts Legislative leaders announced last Thursday a plan to provide relief for residents struggling to keep up with the high cost of gas and rising inflation being felt across the Commonwealth this summer in the form of tax rebates.
They said middle and lower income taxpayers, individuals who reported between $38,000 and $100,000 of annual income in 2021 will receive a one-time payment of $250 while joint filers who reported between $38,000 and $150,000 in that same period will receive $500. The payments will come through the newly-created taxpayer Energy and Economic Relief Fund and are expected to be sent to qualifying residents by September 30.
“Whether it is the rising price of gas, groceries or summer clothes for kids, the Massachusetts Legislature has heard loud and clear that increased costs due to inflation have cut into family budgets,” House Speaker Ron Mariano, Senate President Karen Spilka, House Ways & Means chair Aaron Michlewitz and Senate Ways & Means chair Michael Rodrigues said in a statement.
State Rep. Ken Gordon said he was also in favor of the move.
“I’m proud in joining my colleagues in the Legislature to continue to assist our families as we emerge from Covid-19 and address the challenges of our recovering economy,” he said in a statement.