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H 3083

An Act requiring public disclosures by publicly-traded corporate taxpayers

194th Legislature (2025-2026) Introduced by Dan Donahue and 2 co-sponsors

Massachusetts bill mandates publicly-traded corporations disclose state tax payments and rates, increasing corporate tax transparency for public scrutiny and policy evaluation.

Accompanied a study order, see H5238
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Bill Summary · H 3083

Legislative bill overview

H 3083 requires publicly-traded corporations operating in Massachusetts to publicly disclose their state tax payments, tax rates, and related financial information. The bill aims to increase transparency around corporate tax contributions relative to corporate profits and activities in the state.

Why is this important

Corporate tax transparency directly affects public understanding of tax fairness and state revenue allocation. This information could inform debates about tax policy, corporate subsidies, and whether large profitable companies are paying proportional taxes. Citizens, lawmakers, and advocacy groups could use this data to evaluate the effectiveness of the state's tax system.

Potential points of contention

  • Competitive disadvantage claims: Corporations may argue that detailed tax disclosures expose proprietary financial information, potentially disadvantaging them against less-transparent competitors or international firms
  • Compliance costs: Implementation requires corporations to compile, verify, and publicly report granular tax data, creating administrative and legal compliance expenses
  • Data interpretation disputes: Raw tax payment figures without context (accounting methods, legitimate deductions, multi-state allocation formulas) could mislead the public or oversimplify complex tax structures
  • Interstate competitiveness: Massachusetts competitors may worry the requirement disadvantages their state's business climate relative to states without similar mandates

Compiled from official sources — confirm details with the bill’s official record.

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