An annual report of the Department of Revenue (under Section 14 of Chapter 14 of the General Laws) submitting a review of tax expenditures for calendar year 2025

HD 4547 requires Massachusetts' Department of Revenue to submit an annual report reviewing tax expenditures (tax breaks or credits) for calendar year 2025. This procedural bill mandates the department to analyze and document the state's tax benefits, such as exclusions or credits, as part of its reporting obligations. The report will cover specific tax provisions, including those aligned with federal tax code sections like §129, §117, and §74. It directly affects the Department of Revenue, which must compile and submit this review to the legislature. The bill does not change tax law but establishes a reporting requirement for transparency.