Budget Amendment ID: FY2012-S3-45

OTH 45

TO INCREASE THE TRANSPARENCY AND EFFICIENCY OF TAX EXPENDITURES

Ms. Spilka and Mr. DiDomenico moved that the proposed new text be amended by inserting at the end thereof the following new section:-

SECTION XX.  The commissioner of the department of revenue shall review and evaluate the administration and impact of all tax expenditures, as defined in section 1 of chapter 29 of the General Laws, and report the results of his findings to the House and Senate clerks, the joint committee on revenue, and the House and Senate committees on ways and means by December 31, 2011.  The report shall include for each tax expenditure: the type of information collected by the agency responsible for its administration; an evaluation of whether the information collected is sufficient to determine its total annual cost and to judge the success of the tax expenditure in reaching its unique public policy objectives; and any recommendations for additional reporting, evaluation, sunset or clawback provisions for the tax expenditure.  The report shall include recommendations for any changes needed to ensure that the public has convenient access to information regarding the administration, value and impact of tax expenditures while maintaining taxpayer confidentiality.  The report shall include a review of tax expenditure reporting and analysis methods and requirements in other states.