Tax Expenditure Review Commission

The Tax Expenditure Review Commission was created to review each tax expenditure every five years and evaluate its purpose, intent, goal, and effectiveness.

Updated: November 22, 2022

Table of Contents

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)
  • Suzanne Bump (State Auditor)
  • Kerri-Ann Hanley (State Auditor designee)
  • Deb Goldberg (State Treasurer)
  • Representative Aaron Michlewitz (Chair, House Committee on Ways and Means)
  • Tim Sheridan (designee, House Committee on Ways and Means)
  • Senator Michael Rodrigues (Chair, Senate Committee on Ways and Means)
  • Jacob Blanton (designee, Senate Committee on Ways and Means)
  • Representative Mark Cusack (House Chair, Joint Committee on Revenue)
  • Ryan Sterling (House designee, Joint Committee on Revenue)
  • VACANT (Senate Chair, Joint Committee on Revenue)
  • Representative Bradley Jones (House Minority Leader)
  • Representative Michael Soter (House Minority Leader designee)
  • Senator Bruce Tarr (Senate Minority Leader)
  • Christopher Anderson (Senate Minority Leader designee)
  • Professor Matthew Weinzierl (Governor Appointee)
  • Professor Michelle Hanlon (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

Meeting - November 21, 2022

Meeting - September 30, 2022

Meeting - May 6, 2022

Meeting - February 25, 2022

Meeting - January 14, 2022

Meeting - November 18, 2021

Meeting - October 7, 2021

Meeting - March 12, 2021

Meeting - February 25, 2021

Meeting - February 12, 2021

Meeting - January 29, 2021

Meeting - January 8, 2021

Meeting - December 10, 2020

Meeting - November 5, 2020

Meeting - October 1, 2020

Meeting – May 1, 2020

Meeting - February 7, 2020

Meeting - December 13, 2019

Meeting - October 31, 2019

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

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