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)
- Kerri-Ann Hanley (State Auditor designee)
- Deb Goldberg (State Treasurer)
- Sue Perez (designee, 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)
- Hailey Jenkins (designee, Senate Committee on Ways and Means)
- Representative Mark Cusack (House Chair, Joint Committee on Revenue)
- Ryan Sterling (House designee, Joint Committee on Revenue)
- Senator Susan Moran (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 – March 9, 2023
Meeting - January 9, 2023
Meeting - November 21, 2022
Meeting - September 30, 2022
Meeting - May 6, 2022
Meeting - February 25, 2022
Meeting - January 14, 2022
Meeting - November 18, 2021
- TERC Meeting Agenda - November 18, 2021
- TERC Meeting Minutes - November 18, 2021
- Draft Tax Evaluation Reports
Meeting - October 7, 2021
- TERC Meeting Agenda - October 7, 2021
- TERC Meeting Minutes - October 7, 2021
- Draft Tax Evaluation Reports
- 2.101 - Deferral of Tax on Certain Shipping Companies
- 3.112 - Exemption for Aircraft & Aircraft Parts
- 3.606 - Exemption for Trade-in Allowances for Motor Vehicles and Trailers
- 3.609 - Exemption for Vessels or Barges of 50 Tons or Over
- 3.610 - Exemption for Rental Charges for Refuse Bins and Containers
- 3.611 - Exemption for Honor Snack Trays
- 2.101 - Deferral of Tax on Certain Shipping Companies
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
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Submissions from the Office of the State Auditor
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
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