Amendment ID: S2423-21

Amendment 21

Single Sales Factor Dynamic Analysis

Mr. Fattman moves to amend the amendment SECTION XX. Notwithstanding any general or special law to the contrary, the department of revenue shall conduct a dynamic analysis of the impact of adopting the single sales factor apportionment formula in the commonwealth. The analysis shall include, but not be limited to: (i) the impact on tax collections over a 10-year period, including extending market-sourcing to receipts from investment and trading assets and activities of financial institutions as described in M.G.L. Chapter 63, Section 2A(d)(xii); (ii) the impact on business behavior or other economic impacts; and (iii) a comparison of the apportionment formulas used by other states. The department may, in conducting its analysis, seek input from interested stakeholders. The department shall file a report, including any recommendations, with the clerks of the senate and house of representatives who shall forward the report to the senate and house chairs of the joint committee on revenue and the chairs of the senate and house committees on ways and means not later than March 1, 2017.