« Go Back   « Go Back
Candidate Key
 
 
 
 
 
Summary

This proposed law would require certain banks, insurance companies and publicly-traded corporations to file annual reports with the Massachusetts Secretary of State listing information from their state tax returns, including profit, income, corporate income tax due, deductions, exemptions and credits. These reports would be made public. This provision would apply only to those banks, insurance companies and publicly-traded corporations required by federal and other Massachusetts laws to disclose information concerning their federal tax payments.

The proposed law would also require the annual release by state officials of a detailed analysis of certain tax expenditures enacted or changed after January 1, 1988. State law defines a tax expenditure as an exemption, exclusion, deduction, or credit that results in less corporate, sales, or income tax revenue for the state. This analysis would be required only for tax expenditures with an annual revenue impact of $1,000,000 or more. The analysis would include information on the actual revenue loss, as well as the number and proportion of taxpayers or taxpaying entities benefiting from the tax expenditure, according to income, profit, receipts or sales.

1992 Nov 3 :: State of Massachusetts :: Question 2 :: Initiative PetitionDo you approve of a law summarized below, on which no vote was taken by the Senate or the House of Representatives before May 6, 1992?

View as: # | %  
Ward
Yes
No
Blank Votes Total Votes Cast Total Ballots Cast
Totals
 
16,538
10,135
4,076
26,673
30,749
Precinct 1
 
493
467
165
960
1,125
Precinct 2
 
675
508
135
1,183
1,318
Precinct 3
 
603
450
134
1,053
1,187
Precinct 1
 
708
367
161
1,075
1,236
Precinct 2
 
860
458
190
1,318
1,508
Precinct 3
 
842
428
215
1,270
1,485
Precinct 1
 
844
522
222
1,366
1,588
Precinct 2
 
818
430
175
1,248
1,423
Precinct 3
 
863
500
209
1,363
1,572
Precinct 1
 
440
410
95
850
945
Precinct 2
 
611
487
174
1,098
1,272
Precinct 3
 
705
439
162
1,144
1,306
Precinct 1
 
689
534
143
1,223
1,366
Precinct 2
 
737
532
163
1,269
1,432
Precinct 3
 
953
467
207
1,420
1,627
Precinct 1
 
1,201
494
257
1,695
1,952
Precinct 2
 
1,082
543
249
1,625
1,874
Precinct 3
 
852
413
283
1,265
1,548
Precinct 1
 
935
534
255
1,469
1,724
Precinct 2
 
774
541
235
1,315
1,550
Precinct 3
 
853
611
247
1,464
1,711
Totals
 
16,538
10,135
4,076
26,673
30,749