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SD 2910

Community Investment Tax Credit (CITC) 2024 Annual Report

194th Legislature (2025-2026)

Massachusetts bill requiring annual public reporting on Community Investment Tax Credit program outcomes, funding amounts, and economic impacts to improve transparency and legislative oversight.

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Bill Summary · SD 2910

Legislative bill overview

SD 2910 is an annual reporting requirement bill that mandates the disclosure and analysis of Massachusetts' Community Investment Tax Credit program outcomes. The bill requires comprehensive reporting on tax credits distributed, community investments funded, economic impacts, and program effectiveness metrics to be submitted to the legislature annually.

Why this is important

Tax credit programs represent significant foregone state revenue, so transparent reporting helps legislators and the public understand whether public investment goals are being achieved. Annual accountability reports enable policymakers to assess whether the CITC program is effectively directing capital to underserved communities and generating promised economic returns.

Potential points of contention

  • Reporting burden and costs: Requiring detailed annual reporting adds administrative overhead to administering agencies and participating organizations, potentially increasing program costs
  • Defining and measuring success: Disagreement may arise over which metrics best capture program effectiveness (jobs created, capital deployed, community outcomes, etc.) and whether targets are realistic
  • Proprietary business information: Community investors and participating organizations may resist disclosing detailed transaction-level data citing competitive sensitivities or privacy concerns

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

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