Summary of Bill HD 5339

Bill Information

• Bill Number: HD 5339
• Title: Monthly Report of the Department of Revenue on Year-to-Date Net State Tax Revenue for August 2025
• Status: Placed on file
• Introduced: November 20, 2025
• Classification: Proposed Bill

Purpose and Intent

Bill HD 5339 mandates the Massachusetts Department of Revenue (DOR) to provide a monthly report detailing the year-to-date net state tax revenue for the fiscal year 2026, specifically for August 2025. This report aims to ensure transparency and accountability regarding state tax revenues and to project future revenue trends.

Key Provisions

The bill outlines the following key provisions:

1. Monthly Reporting Requirement:

   • The DOR is required to submit a report that includes:
     • Year-to-date net state tax revenue for the current fiscal year.
     • Projections of net state tax revenue for the remainder of the fiscal year.
     • Estimates of whether and when net state tax revenue may exceed the allowable state tax revenue for the fiscal year.

2. Revenue Estimates:

   • As of August 31, 2025, the DOR reported:
     • Year-to-Date Net State Tax Revenue (excluding 4% income surtax): $5,502,684,844
     • Estimated Full Fiscal Year Net State Tax Revenue: $41,990,065,460
     • Estimated Allowable State Tax Revenue: $48,197,701,558
     • Projected Revenue Shortfall: $(6,207,636,098)

3. Exemption Clause:

   • The bill specifies that revenue from the 4% income surtax will not be subject to the allowable state tax revenue limitations established by Chapter 62F.

Affected Parties

The primary entities affected by this bill include:
- Department of Revenue (DOR): Responsible for compiling and submitting the required reports.
- State Legislators and Committees: The report will be submitted to various legislative leaders and committees, including the Joint Committee on Revenue and the House and Senate Committees on Ways and Means.
- Taxpayers and Citizens of Massachusetts: The report provides insights into state tax revenue, which can impact budgetary decisions and public services.

Procedural Aspects

• The bill was introduced on November 20, 2025, and has been placed on file, indicating it is not currently under active consideration for passage.
• The DOR's reporting is in compliance with Section 5 of Chapter 62F, as amended by the Acts of 2023, which governs state tax revenue reporting.

Conclusion

Bill HD 5339 serves as a mechanism for the Massachusetts DOR to maintain transparency regarding state tax revenues and projections. By requiring regular reporting, the bill aims to keep legislators and the public informed about the state's fiscal health and compliance with tax revenue limits.