SECTION 1. Section 14 of Chapter 14 of the General Laws is hereby amended by adding at the end thereof the following:-
(g) All expenditures listed in a report filed pursuant to subsection (e) shall expire one year following the filing date of said report unless:-
(i) The expenditure is extended by the General Court; and
(ii) The General Court institutes a cap on said expenditure consistent with the nature of the expenditure.
SECTION 2. Notwithstanding any general or special law to the contrary, the department of revenue shall establish uniform guidelines for approving tax expenditures to promote best practices are followed. All agencies, boards, and commissions shall adhere to the guidelines when approving a tax expenditure.
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