Massachusetts S1881 amends tax incentive programs to include sunset provisions and clawback mechanisms.
Massachusetts S1881 amends existing tax incentive programs to include sunset provisions, which will cause the programs to expire unless reauthorized by the legislature. The bill mandates that any new tax incentive program proposed by the governor must include a sunset provision set to expire within three years of its initial passage. The sunset provisions will require the legislature to include a new sunset date upon each reauthorization.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.