Budget Amendment ID: FY2014-S3-38

OTH 38

Expiration of Economic Development Tax Credits

Messrs. Montigny and Eldridge moved that the proposed new text be amended by inserting at the end thereof the following new section:-

Section __.  Said Chapter 62C, as appearing in the 2010 Official edition, is amended by inserting after section 89 the following:-

Section 90. Sunsets for Tax Credit Programs

Notwithstanding any general or special law to the contrary, no tax credit may be claimed by a taxpayer under any of the tax credit programs defined under section 1 of this chapter for the tax year beginning on January 1, 2014 unless any such tax credit program is reauthorized by an act of the general court after review and examination of the effectiveness of each such tax credit program by the department of revenue and the executive office of administration and finance’s office of commonwealth performance, accountability and transparency.