Bill > H3344

This bill aims to increase transparency around the film tax credit in Massachusetts. It requires taxpayers who claim or receive the film tax credit to consent to being publicly identified as a beneficiary and to the disclosure of the dollar value of the credits they receive. The bill also mandates the Commissioner of Revenue, in conjunction with the Secretary of Economic Development, to annually report detailed information on the film tax credits, including a list of all recipients, the total dollar value of credits received, and the amounts carried forward or refunded. The report must also provide information on the anticipated return on investment to the Commonwealth and job creation resulting from the credits. The report will be submitted to various government entities and made publicly accessible online.

Budget and Finance

https://malegislature.gov/Bills/190/H3344