summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to corporate taxes. Revenue.
AI Summary
This bill proposes to rename corporate tax credits, tax incentives, and TIFFs (Tax Increment Financing) to "Corporate Welfare" in order to more accurately reflect their effects and raise awareness of the state of corporate tax credit evaluation in Massachusetts. The bill highlights that the economic benefits of these corporate tax credits do not trickle down to citizens as much as they benefit the corporations receiving them, and it calls for a body to research and assess the effectiveness of these credits in promoting economic growth and job creation in a fiscally efficient manner.
Committee Categories
Budget and Finance
Sponsors (7)
Tackey Chan (D),
Marcos Devers (D),
Carlos González (D),
David LeBoeuf (D),
Rady Mom (D),
José Tosado (D),
Bud Williams (D),
Last Action
Accompanied a study order, see H5128 (on 11/19/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2480 |
| Bill | https://malegislature.gov/Bills/191/H2480.pdf |
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