Amendment 52 - Withdrawn

Budget Amendment ID: FY2016-S3-52

OTH 52

Tax Expenditure Expiration

Ms. Chang-Diaz and Mr. Montigny moved that the proposed new text be amended by inserting, after section __, the following new section:-

SECTION XX.

Chapter 7 of the General Laws is hereby amended by inserting after section 5B the following new section:-

Section 5B 1/2. Expiration of corporate, business, and matching personal tax expenditures.

(a) The following tax expenditures shall expire effective in the taxable year commencing on January first of the first year at least three years after the effective date of this section, except those credits that have an existing date of expiration prior to the three year designation: section 38M of chapter 63 of the Massachusetts General Laws; section 31A(i) of chapter 63 of the Massachusetts General Laws; section 31A(j) of chapter 63 of the Massachusetts General Laws; section 6(g) of chapter 62 of the Massachusetts General Laws; section 38N of chapter 63 of the Massachusetts General Laws; section 6(g) of chapter 62 of the Massachusetts General Laws; section 38N chapter 63 of the Massachusetts General Laws, as amended by sections 21-24 of chapter 166 of the State Session Laws of 2009; section 6(g) of chapter 62 of the Massachusetts General Laws; section 38N of chapter 63 of the Massachusetts General Laws, as amended by sections 21-24 of chapter 166 of the State Session Laws of 2009; section 110(m) of chapter 5 of the State Session Laws of 1995; section 830 of chapter 118.1 of the Code of Massachusetts Regulation; section 6(j) of chapter 62 of the Massachusetts General Laws; section 38Q of chapter 63 of the Massachusetts General Laws; section 6(l) of chapter 62 of the Massachusetts General Laws; section 38X of chapter 63 of the Massachusetts General Laws; section 6J of chapter 62 of the Massachusetts General Laws; section 38R of chapter 63 of the Massachusetts General Laws; section 6I of chapter 62 of the Massachusetts General Laws; section 31H(b) of chapter 63 of the Massachusetts General Laws; section 61/2 of chapter 62 of the Massachusetts General Laws; section 31L of chapter 63 of the Massachusetts General Laws; section 6(o) of the chapter of 62 of the Massachusetts General Laws; section 38Z of chapter 63 of the Massachusetts General Laws; section 6(p) of chapter 62 of the Massachusetts General Laws; section 38AA of chapter 63 of the Massachusetts General Laws; section 31E of chapter 63 of the Massachusetts General Laws; section 38P of chapter 63 of the Massachusetts General Laws; section 6(q) of chapter 62 of the Massachusetts General Laws; section 38BB of chapter 63 of the Massachusetts General Laws; section 6(r) of chapter 62 of the Massachusetts General Laws; section 38CC of chapter 63 of the Massachusetts General Laws; section 38W of chapter 63 of the Massachusetts General Laws; section 6(m) of chapter 62 of the Massachusetts General Laws; section 38U of chapter 63 of the Massachusetts General Laws; section 6(n) of chapter 62 of the Massachusetts General Laws; section 31M of chapter 63 of the Massachusetts General Laws; section 6N of chapter 62 of the Massachusetts General Laws; section 38FF of chapter 63 of the Massachusetts General Laws; section 6M(d) of chapter 62 of the Massachusetts General Laws; section 38EE(d) of chapter 63 of the Massachusetts General Laws.

(b) Notwithstanding any other law to the contrary, any bill enacted after January 7, 2015, that would create a tax expenditure, renew an existing tax expenditure, or modify an existing tax expenditure shall contain an expiration date of no longer than three years from the effective date of the new, renewed, or modified tax expenditure. Such bills shall also contain a statement of intent that clearly provides the purpose and objectives of the tax expenditure, including measurable goals. Any bill that is enacted without the provisions required by this section does not take effect.