Bill > S1498

This bill aims to sunset (or expire) certain corporate, business, and matching personal tax expenditures in Massachusetts after a three-year period, with the exception of those that already have an existing expiration date. It also requires any new, renewed, or modified tax expenditures enacted after January 7, 2019, to have an expiration date of no longer than three years from the effective date, and to include a statement of intent outlining the purpose, objectives, and intended beneficiaries of the tax expenditure. The bill gives the Commissioner of the Department of Revenue the authority to issue regulations to implement these provisions.

Budget and Finance

https://malegislature.gov/Bills/190/S1498