Who We Are
The Tax Expenditure Review Commission (TERC) was created under Chapter 207 of the Acts of 2018 to review each tax expenditure every five years and evaluate its purpose, intent, goal, and effectiveness.
The TERC is chaired by a member appointed by the Commissioner of the Department of Revenue, and other members include the State Auditor; the State Treasurer; the chair of the House Committee on Ways and Means; the chair of the Senate Committee on Ways and Means; the House and Senate chairs of the Joint Committee on Revenue; the Minority Leader of the House of Representatives; the Minority Leader of the Senate; and 3 members to be appointed by the governor, who have expertise in economics or tax policy. The 3 members appointed by the governor will serve 4-year terms. TERC members may appoint designees.
The current designees serving on TERC are as follows:
- Rebecca Forter (Chairperson) (Department of Revenue designee)
- Diana DiZoglio (State Auditor)
- Lindsay Janeczek (State Auditor Designee)
- Deb Goldberg (State Treasurer)
- Sue Perez (State Treasurer designee)
- Representative Aaron Michlewitz (Chair, House Committee on Ways and Means)
- Tim Sheridan (House Committee on Ways and Means designee)
- Senator Michael Rodrigues (Chair, Senate Committee on Ways and Means)
- Amar Patel (Senate Committee on Ways and Means designee)
- Adrian C. Madaro (House Chair, Joint Committee on Revenue)
- Bridgette Maynard (Joint Committee on Revenue designee)
- James B. Eldridge (Senate Chair, Joint Committee on Revenue)
- David Emer (Joint Committee on Revenue designee)
- Representative Bradley Jones (House Minority Leader)
- Vacant (House Minority Leader designee)
- Senator Bruce Tarr (Senate Minority Leader)
- Chris Carlozzi (Senate Minority Leader designee)
- Natasha Varyani (Governor Appointee)
- Thomas Downes (Governor Appointee)
What We Do
The purpose of TERC is to evaluate Massachusetts’ tax expenditures. To measure the effectiveness of tax expenditures TERC will utilize forecasted revenue impacts on state and local taxing authorities, including
- Revenue loss versus gain
- Jobs created, retained or lost
- Average number of impacted taxpayers
- Return on investment
TERC will also evaluate the impacts on regional and national competitiveness through examining tax expenditures offered in other states. A biennial report of TERC's findings and evaluations is due to the legislature by March 1.
TERC will create a 5-year review schedule of each tax expenditure, as well as adopt policies and procedures to ensure taxpayer confidentiality of information. DOR will provide aggregate tax information.
Reports
- TERC 2025 Final Report
- TERC 2024 Final Report
- TERC 2024 Final Report - Cover Letter
- TERC 2023 Final Report
- TERC 2023 Final Report - Cover Letter
- TERC June 2022 Final Report
- TERC June 2022 Final Report - Cover Letter
- TERC March 2021 Final Report
- TERC March 2021 Final Report - Cover Letter
- Economic Impact Analysis Model and Its Use in TERC Reports
2025 Meetings
| 2025 Meetings |
|---|
January 30, 2025 |
February 26, 2025 |
March 28, 2025 |
2023 - 2024 Meetings
| 2023 Meetings | 2024 Meetings |
|---|---|
January 9, 2023 | January 19, 2024 |
March 9, 2023 | February 28, 2024 |
April 27, 2023 | April 24, 2024 |
June 29, 2023 | June 26, 2024 |
October 12, 2023 | October 1, 2024 |
November 15, 2023 | November 22, 2024 |
2021 - 2022 Meetings
| 2021 Meetings | 2022 Meetings |
|---|---|
January 8, 2021 | January 14, 2022 |
January 29, 2021 | February 25, 2022 |
February 12, 2021 | May 6, 2022 |
February 25, 2021 | September 30, 2022 |
March 12, 2021 | November 21, 2022 |
October 7, 2021 | N/A |
November 18, 2021 | N/A |
2019 - 2020 Meetings
| 2019 Meetings | 2020 Meetings |
|---|---|
October 31, 2019 | February 7, 2020 |
December 13, 2019 | May 1, 2020 |
| N/A | October 1, 2020 |
| N/A | November 5, 2020 |
| N/A | December 10, 2020 |
Tax Expenditure Review Commission Contacts
Cole Doherty-Crestin
Project Manager – Commissioner’s Office
MA Department of Revenue
dohertycc@dor.state.ma.us
(617) 626-4014
Related
- 2011-2012 Tax Expenditure Commission Materials
- Tax Expenditure Budget
- Mass Production Coalition Letter
- H4820 Signed Parchment
- Tax Expenditure Database (Master Database, Year 1 list, and Commerce/Energy Expenditures)
- WebEx Guide
- Tax expenditures originated from federal law
- OTPA External Selected Data Sources