Bill > S2037

This bill proposes changes to Massachusetts state law regarding public disclosure of corporate tax reports. Specifically, the bill would require the state secretary to create a publicly accessible, searchable online database of corporate tax reports, with reports becoming available three years after the tax year they cover. The bill removes previous provisions that allowed the state secretary to expunge taxpayer names and location details from these reports, mandating full transparency. Additionally, the bill requires the state secretary to maintain a list of corporations that were required to file tax reports but failed to do so in the preceding year. Corporations will be able to obtain copies of the entire database or individual reports, with charges that cover the state's costs of providing these records. This legislation aims to increase public access to corporate tax information while implementing a time delay to protect potentially sensitive financial data.

Budget and Finance

https://malegislature.gov/Bills/194/S2037