BOSTON — A task force of elected officials and policy makers says Massachusetts needs to overhaul its tax system to eliminate breaks that cost the state billions of dollars.
The Tax Expenditure Commission plans to call on Gov. Deval Patrick and the Legislature to reduce the number and amount of tax exemptions the state allows.
The Boston Globe reports that commission members have not finalized the details, but several said the report probably would not identify specific tax breaks to be eliminated, leaving that for lawmakers.
The Department of Revenue recently found that Massachusetts has roughly 200 tax credits, deductions and exemptions that cost the state more than $26 billion in revenue a year.
Supporters of tax breaks argue they can attract businesses, encourage expansion, and create jobs.