Bill

Bill > H4820


MA H4820

Relative to the examination of tax expenditures by the department of revenue


summary

Introduced
07/26/2018
In Committee
07/27/2018
Crossed Over
Passed
Dead
Signed/Enacted/Adopted
08/09/2018

Introduced Session

190th General Court

Bill Summary

Section 12 contained in the engrossed Bill making appropriations for the fiscal year 2019 (see House, No. 4800), which had been returned by His Excellency the Governor with recommendation of amendment (for message, see Attachment B of House, No. 4833). July 27, 2018.

AI Summary

This bill requires the Massachusetts Department of Revenue to examine, evaluate, and report on the administration, effectiveness, and fiscal impact of tax expenditures. The department must use best practices and standardized criteria to assess the purpose, intent, and goal of each tax expenditure, its fiscal and economic impacts, and its cost-effectiveness. The department must establish a schedule to review each tax expenditure at least once every 5 years and submit an annual report of its findings and recommendations to the legislature. This bill aims to provide greater transparency and oversight over the state's use of tax expenditures.

Sponsors (0)

No sponsors listed

Last Action

Signed by the Governor, Chapter 207 of the Acts of 2018 (on 08/09/2018)

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