An Act to require public disclosures by publicly-traded corporate taxpayers

This bill requires publicly traded corporations in Massachusetts to make their tax reports available to the public in a searchable online database. It affects large companies that currently file tax information with the state secretary, mandating that these records be accessible on the internet starting from the third year after the tax year ends. The legislation also ensures that the state secretary provides a list of corporations that failed to file their reports and allows the public to purchase copies of the database or individual reports. By removing previous restrictions, the bill aims to increase transparency regarding the tax activities of major corporate entities without changing the underlying tax laws.