Budget Amendment ID: FY2014-S3-40

OTH 40

Evaluation of Tax Credit Programs

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

Section__ Section 89 of Chapter 62C is hereby amended by inserting after the words “ identity”  in line 9 the words “ place of business of the taxpayer and  if different, the address of the headquarters or home office of the taxpayer”  and inserting after subsection (b)(iii) the following new subsections:- (iv) the date of any credit or award to the taxpayer, if applicable; (iv) the specific conditions, requirements, outcomes or results required or imposed on the taxpayer by the tax credit program and the results of the taxpayer in meeting or complying with  them; (v) the number, nature and wage levels of jobs created or maintained in the commonwealth as a result of each taxpayer’s receipt of a credit or award under a tax credit program, if applicable; (vi) the number and nature of low income housing units created in the commonwealth as a result of each taxpayer’s receipt of a credit or award a under a tax credit program , if applicable.” (vii), the number of abandoned or contaminated properties redeveloped, if applicable, and inserting the following new subsection:- “(c) the reports issued pursuant to this section shall be a public record and shall be published and maintained on the websites of the administering agency, the department of revenue and the office of commonwealth accountability, performance and transparency”.