News  OIG Comments on the Theater Tax Credit Section of the Economic Development Bill-July 2018

On July 27, 2018, the OIG wrote to Vice Chair Lovely and Chairman Sanchez opposing the creation of a theater tax credit.  The proposed tax credit is not structured to benefit the Massachusetts economy.  Also, the proposed credit does not have the necessary safeguards to prevent fraud and abuse.  At a minimum, any bill should have strong oversight provisions to protect the Commonwealth. The OIG therefore offered recommendations for better accountability, rigorous reporting and auditing requirements. 

OIG Letter on the Theater Tax Credit Section of the Economic Development Bill-July 2018

August 2, 2018 Update: At the end of the 2017-2018 formal legislative session, the legislature passed an economic development bill, but it did not include the proposed theater tax credit.