SENATE DOCKET, NO. 1813 FILED ON: 1/21/2011
SENATE . . . . . . . . . . . . . . No. 1544
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Bruce E. Tarr
_______________
To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying:
An Act requiring fiscal responsibility .
_______________
PETITION OF:
Name: | District/Address: |
Bruce E. Tarr |
[District]
|
Paul Adams | 17th Essex |
Steven L. Levy | 4th Middlesex |
SENATE DOCKET, NO. 1813 FILED ON: 1/21/2011
SENATE . . . . . . . . . . . . . . No. 1544
By Mr. Tarr, a petition (accompanied by bill, Senate, No. 1544) of Bruce E. Tarr, Paul Adams and Steven L. Levy for legislation to require fiscal responsibility. Revenue. |
The Commonwealth of Massachusetts
An Act requiring fiscal responsibility .
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Notwithstanding any general or special law, rule or regulation to the contrary, before the governor may provide a tax credit or refund under chapters 58 to 65C, inclusive, of the General Laws, or any loan, grant or other financial assistance of at least $500,000 to a person, as defined in section 1 of chapter 63 of the General Laws, the governor shall submit a cost-benefit analysis detailing the prospective financial and employment impacts in the commonwealth, in writing, to the clerks of the house and senate; provided, however, that the cost-benefit analysis shall not disclose any trade secrets as defined in Clause 20-6 of Section 7 of Chapter 4 of the General Laws.
