Doug Howgate, president of the Massachusetts Taxpayers Foundation, testified he agrees with the overarching premise of Chapter 62F — namely that the state should be required to return excess tax revenues that far exceed projections back to constituents who paid their taxes.

“I would also say it’s something that’s been triggered once in the last 35 years,” Howgate said. “So if it was ever going to be triggered, you would expect it to be triggered in a two-year period when revenues grew by 40%.”

Yet it’s unlikely the law will be activated in fiscal 2023 or 2024, Howgate said.