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House passes local 'tax transparency' bill
In a late-session decision, the Massachusetts House has come around on the idea of requiring cities and towns to disclose tax breaks being delivered at the local level. The House on Monday approved an amended version of tax transparency legislation that requires the Department of Revenue's Division of Local Services to report on any tax exemptions, deferrals or reductions from locally assessed taxes. Under the bill, offered as a redraft by Ways and Means Committee Chairman Rep. Brian Dempsey, the report would be based on information submitted by local boards of assessors and would be due from the state revenue department by Jan. 31, 2016. Read more here.
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