Bill S.1498

SENATE DOCKET, NO. 839 FILED ON: 1/18/2017

SENATE . . . . . . . . . . . . . . No. 1498

The Commonwealth of Massachusetts

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PRESENTED BY:

Sonia Chang-Diaz

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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 relative to sunsetting tax expenditures.

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PETITION OF:

Name:	District/Address:
Sonia Chang-Diaz	Second Suffolk

SENATE DOCKET, NO. 839 FILED ON: 1/18/2017

SENATE . . . . . . . . . . . . . . No. 1498

By Ms. Chang-Diaz, a petition (accompanied by bill, Senate, No. 1498) of Sonia Chang-Diaz for legislation relative to sunsetting tax expenditures. Revenue.

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1454 OF 2015-2016.]

The Commonwealth of Massachusetts

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In the One Hundred and Ninetieth General Court
(2017-2018)

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An Act relative to sunsetting 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. Chapter 7 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by inserting after section 5B the following new section:-

Section 5B 1/2. Expiration of corporate, business, and matching personal tax expenditures.

(a) The following tax expenditures shall expire effective in the taxable year commencing on January first of the first year at least three years after the effective date of this section, except those credits that have an existing date of expiration prior to the three year designation: section 38M of chapter 63 of the Massachusetts General Laws; section 31A(i) of chapter 63 of the Massachusetts General Laws; section 31A(j) of chapter 63 of the Massachusetts General Laws; section 6(g) of chapter 62 of the Massachusetts General Laws; section 38N of chapter 63 of the Massachusetts General Laws; section 6(g) of chapter 62 of the Massachusetts General Laws; section 38N chapter 63 of the Massachusetts General Laws, as amended by sections 21-24 of chapter 166 of the State Session Laws of 2009; section 6(g) of chapter 62 of the Massachusetts General Laws; section 38N of chapter 63 of the Massachusetts General Laws, as amended by sections 21-24 of chapter 166 of the State Session Laws of 2009; section 110(m) of chapter 5 of the State Session Laws of 1995; section 830 of chapter 118.1 of the Code of Massachusetts Regulation; section 6(j) of chapter 62 of the Massachusetts General Laws; section 38Q of chapter 63 of the Massachusetts General Laws; section 6(l) of chapter 62 of the Massachusetts General Laws; section 38X of chapter 63 of the Massachusetts General Laws; section 6J of chapter 62 of the Massachusetts General Laws; section 38R of chapter 63 of the Massachusetts General Laws; section 6I of chapter 62 of the Massachusetts General Laws; section 31H(b) of chapter 63 of the Massachusetts General Laws; section 61/2 of chapter 62 of the Massachusetts General Laws; section 31L of chapter 63 of the Massachusetts General Laws; section 6(o) of the chapter of 62 of the Massachusetts General Laws; section 38Z of chapter 63 of the Massachusetts General Laws; section 6(p) of chapter 62 of the Massachusetts General Laws; section 38AA of chapter 63 of the Massachusetts General Laws; section 31E of chapter 63 of the Massachusetts General Laws; section 38P of chapter 63 of the Massachusetts General Laws; section 6(q) of chapter 62 of the Massachusetts General Laws; section 38BB of chapter 63 of the Massachusetts General Laws; section 6(r) of chapter 62 of the Massachusetts General Laws; section 38CC of chapter 63 of the Massachusetts General Laws; section 38W of chapter 63 of the Massachusetts General Laws; section 6(m) of chapter 62 of the Massachusetts General Laws; section 38U of chapter 63 of the Massachusetts General Laws; section 6(n) of chapter 62 of the Massachusetts General Laws; section 31M of chapter 63 of the Massachusetts General Laws; section 6N of chapter 62 of the Massachusetts General Laws; section 38FF of chapter 63 of the Massachusetts General Laws; section 6M(d) of chapter 62 of the Massachusetts General Laws; section 38EE(d) of chapter 63 of the Massachusetts General Laws.

(b) Notwithstanding any other law to the contrary, any bill enacted after January 7, 2019, that would create a tax expenditure, renew an existing tax expenditure, or modify an existing tax expenditure shall contain an expiration date of no longer than three years from the effective date of the new, renewed, or modified tax expenditure. Such bills shall also contain a statement of intent that clearly provides the purpose and objectives of the tax expenditure, including desired outcome, measurable goals, and identified beneficiaries. Any bill that is enacted without the provisions required by this section does not take effect.