summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to transparency of economic development spending. Economic Development and Emerging Technologies.
AI Summary
This bill aims to increase transparency in economic development spending in Massachusetts. It requires the Massachusetts Department of Revenue to submit an annual "Unified Economic Development Budget" to the legislature, which would detail various tax credits, abatements, exemptions, and reductions provided to corporations, as well as state appropriated expenditures for economic development programs. Additionally, the bill requires property-taxing entities (such as local governments) to report on any property tax reductions or abatements of at least $5,000 granted to businesses. This information would be compiled and published by the Department of Revenue. The bill also includes a provision that allows the state Comptroller to withhold development subsidies from any delinquent property-taxing entities that fail to submit the required reports.
Committee Categories
Business and Industry
Sponsors (12)
Ruth Balser (D),
Mike Connolly (D),
Dan Donahue (D),
Jamie Eldridge (D),
Ken Gordon (D),
Paul Heroux (D),
Pat Jehlen (D),
Peter Kocot (D),
Jack Lewis (D),
Jason Lewis (D),
Denise Provost (D),
Steve Ultrino (D),
Last Action
Accompanied a study order, see S2486 (on 04/26/2018)
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/190/S180 |
Bill | https://malegislature.gov/Bills/190/S180.pdf |
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