Bill Text: MA S1265 | 2009-2010 | 186th General Court | Introduced
Bill Title: Establish biannual tax independence reports
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 9/30 at 10:00 AM in Hearing Room B2 [S1265 Detail]
Download: Massachusetts-2009-S1265-Introduced.html
The Commonwealth of Massachusetts
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PRESENTED BY:
James B. Eldridge
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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 bill:
An Act Establishing Biannual Tax Incidence Reports.
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PETITION OF:
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Name: |
District/Address: |
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James B. Eldridge |
Middlesex and Worcester |
The Commonwealth of
Massachusetts
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In the Year Two Thousand and Nine
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An Act Establishing Biannual Tax Incidence Reports.
��������������� 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
Chapter 14 of the General Laws is hereby amended by adding the following section:-
Section 12.� The commissioners of revenue shall report to the general court by March 1 of each odd-numbered year on the overall incidence of the income tax, sales and excise taxes, and property tax.� The report shall present information on the distribution of the tax burden (1) for the overall� income distribution, using a system wide incidence measure such as the Suits index or other appropriate measures of equality and inequality, (2) by income classes, including at a minimum deciles of the income distribution , and (3 by other appropriate taxpayer characteristics.
At the request of the chairs of the joint committee on taxation, the commissioner shall prepare an incidence impact analysis of a bill or a proposal to change the tax system which increases, decreases, or redistributes taxes by more than $20,000,000.� To the extent data is available on the changes in the distribution of the tax burden� that are affected by the bill or proposal, the analysis shall report on the incidence effects that would result if the bill were enacted.� The report may present information using system wide measures, such as Suits or other similar indexes, by income classes, taxpayer characteristics, or other relevant categories.� The report may include analyses of the effect of the bill or proposal on representative taxpayers.� The analysis must include a statement of the incidence assumptions that were used in computing the burdens.
The incident analysis shall use the broadest measure of economic income for which reliable data is available.
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