summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to ensure the efficacy of corporate tax expenditures. Revenue.
AI Summary
This bill aims to ensure the efficacy of corporate tax expenditures (such as tax exclusions, deductions, deferrals, credits, and tax rates) used by the Commonwealth of Massachusetts. The bill requires the Department of Revenue to conduct performance audits on all corporate tax expenditures every three years, which will assess whether the tax expenditures are accomplishing their intended purpose, evaluate their economic costs and benefits, and make recommendations for changes to improve their effectiveness. The results of these audits will be presented to the legislature and published on the Department's website, providing transparency and accountability for these corporate tax programs.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5250 (on 10/03/2022)
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/192/S1904 |
| Bill | https://malegislature.gov/Bills/192/S1904.pdf |
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