HOUSE DOCKET, NO. 3133        FILED ON: 1/18/2013

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2733

The Commonwealth of Massachusetts

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PRESENTED BY:

Angelo M. Scaccia

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act requiring a review of tax expenditures.

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PETITION OF:

HOUSE DOCKET, NO. 3133        FILED ON: 1/18/2013

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2733

The Commonwealth of Massachusetts

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In the Year Two Thousand Thirteen

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An Act requiring a review of tax expenditures.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1.   Section 6 of chapter 14 of the General Laws is hereby amended by adding the following subparagraph:—

9. Shall file with the clerks of the senate and the house of representatives, on or before August 15th of each year, a list of all tax expenditures which shall expire during that fiscal year in accordance with the general laws. Each annual filing shall include, for each expiring tax expenditure, the distribution of the benefit of the tax expenditure among taxpayers by income and the amount of taxes paid, and in the case of corporations, by industry type, and such other information available to the commissioner which shall aid the legislature to review and consider whether said tax expenditures should be re-enacted, modified or allowed to expire.

SECTION 2. Chapter 62 of the General Laws is hereby amended by adding the following section:- 

Section 65.  The tax expenditures, as defined in section 1 of chapter 29, created by this chapter and  in effect on or before June 30, 2012 shall expire either in accordance with this chapter or on June 30, 2015, whichever comes first. Notwithstanding any other provision of law, any tax expenditure effective after June 30, 2012 shall expire not later than the last day of the fiscal year following the third anniversary of its effective date.

SECTION 3. Section 83 of chapter 62C of the General Laws is hereby amended by adding the following subsection:—

(o) Each taxpayer required to report under this section shall report the number of persons employed by the taxpayer on the first day of the taxable year subject to the report and the number of persons employed by the taxpayer on the last day of the taxable year subject to the report. For all such employees, the taxpayer shall specify the number of persons employed in Massachusetts on the first and last days of the taxable year subject to the report.

SECTION 4.  Chapter 63 of the General Laws is hereby amended by adding the following section:—

Section 82.  The tax expenditures, as defined in section 1 of chapter 29, created by this chapter and in effect on or before June 30, 2012 shall expire either in accordance with this chapter or on June 30, 2015, whichever comes first.  Notwithstanding any other provision of law, any tax expenditure effective after June 30, 2012 shall expire not later than the last day of the fiscal year following the third anniversary of its effective date.

SECTION 5. Chapter 64H of the General Laws, as appearing in the 2008 Official Edition is hereby amended by inserting after section 6 the following section:—

Section 6A. The statutory authority for tax expenditures, as defined in section 1 of chapter 29, created by this chapter and in effect on or before June 30, 2012 shall expire either in accordance with this chapter or on June 30, 2015, whichever comes first.  Notwithstanding any other provision of law, any tax expenditure effective after June 30, 2012 shall expire not later than the last day of the fiscal year following the third anniversary of its effective date.