Friday, March 26, 2021

MA State News: wind energy and commission report on special taxes

Mariano pledges to turn South Coast into ‘hub of wind energy’ 

"MASSACHUSETTS HOUSE SPEAKER Ron Mariano on Thursday pledged to make major investments to turn the South Coast into “a hub of wind energy for the region.” 

Mariano, in a virtual speech to the Greater Boston Chamber of Commerce, envisioned using the nascent offshore wind energy industry as a way to create jobs in Massachusetts while positioning the state to be a leader in a growing field."

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Commission raises flags on film, alcohol, Fidelity tax breaks
"A COMMISSION ESTABLISHED to review the effectiveness of special tax breaks issued by the state of Massachusetts raised serious concerns in its initial report about measures benefitting the film, alcohol, and mutual fund industries.

The Tax Expenditure Review Commission, in a first-of-its-kind report, tried to rate the effectiveness of 26 of the more than 200 tax breaks that in some cases have been on the state’s books for decades and never been subjected to any scrutiny even though they represent billions of dollars in foregone revenue."
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