By Mr. Kocot of Northampton, petition (accompanied by bill, House, No. 2985) of Peter V. Kocot that the Governor shall include as part of his budget recommendations a tax expenditure budget.  Revenue.

 

The Commonwealth of Massachusetts

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PETITION OF:

 

Peter V. Kocot

 

 

 

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In the Year Two Thousand and Seven.

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 An Act relative to tax analysis.

 

    Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

 

SECTION 1.

 

                Notwithstanding and special or general law to the contrary, the governor shall include, as part of the timely filing of his yearly budget recommendations a tax expenditure budget, which shall include the category of the tax expenditure, the gross dollar value of said tax expenditure, the name(s) of those individuals and corporations qualifying for said tax expenditure and the specific dollar amount of each tax expenditure provided to each individual and corporation.  This filing shall not include names or dollar amounts related to personal income tax deductions.  The commissioner of the department of revenue shall provide said information to the secretary of the executive office of administration and finance no later than November 30th of each year to aid in the timely preparation of the tax expenditure budget.  Based upon an analysis of the previous year’s tax expenditure budget, the secretary shall make recommendations to the legislature on changes to the tax structure to promote economic viability and an equitable tax code in the commonwealth.