Massachusetts 2023-2024 Regular Session

Massachusetts House Bill H2725 Latest Draft

Bill / Introduced Version Filed 02/16/2023

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HOUSE DOCKET, NO. 751       FILED ON: 1/17/2023
HOUSE . . . . . . . . . . . . . . . No. 2725
The Commonwealth of Massachusetts
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PRESENTED BY:
Peter Capano
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act requiring public disclosures by publicly-traded corporate taxpayers.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Peter Capano11th Essex1/17/2023Lindsay N. Sabadosa1st Hampshire1/26/2023Erika Uyterhoeven27th Middlesex1/26/2023James K. Hawkins2nd Bristol1/30/2023Brian W. Murray10th Worcester1/30/2023David Henry Argosky LeBoeuf17th Worcester2/1/2023Michael D. BradySecond Plymouth and Norfolk2/1/2023Samantha Montaño15th Suffolk2/3/2023Mike Connolly26th Middlesex2/3/2023Daniel Cahill10th Essex2/7/2023Rebecca L. RauschNorfolk, Worcester and Middlesex2/7/2023Daniel M. Donahue16th Worcester2/8/2023James C. Arena-DeRosa8th Middlesex2/9/2023James B. EldridgeMiddlesex and Worcester2/13/2023Michelle M. DuBois10th Plymouth2/13/2023Danillo A. Sena37th Middlesex2/27/2023Rodney M. Elliott16th Middlesex2/27/2023Carmine Lawrence Gentile13th Middlesex3/9/2023 1 of 2
HOUSE DOCKET, NO. 751       FILED ON: 1/17/2023
HOUSE . . . . . . . . . . . . . . . No. 2725
By Representative Capano of Lynn, a petition (accompanied by bill, House, No. 2725) of Peter 
Capano and others relative to requiring public disclosures by publicly-traded corporate 
taxpayers. Revenue.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act requiring public disclosures by publicly-traded corporate taxpayers.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority 
of the same, as follows:
1 SECTION X. Section 83 of chapter 62C of the General Laws, as appearing in the 2016 
2Official Edition, is hereby amended by striking from the last sentence of subsection (a) the 
3words, “; but the report or amended report shall be available for public inspection only after the 
4state secretary has expunged the name of the taxpayer and the location, including street address, 
5of the taxpayer’s principal office as required by subsection (n).”
6 SECTION Y. Said Section 83, as so appearing, is further amended by striking the period 
7at the end of subsection (m) and replacing it with the following: --, together with a list of any 
8corporations required to file in the preceding year that failed to file a report in that year.
9 SECTION Z. Said Section 83, as so appearing, is further amended by striking subsection 
10(n) and replacing it with the following: -- (n) The state secretary shall make all information 
11contained in the reports required under this section for all filing corporations available to the 
12public on an ongoing basis in the form of a searchable database accessible through the internet.  2 of 2
13The state secretary shall make available and set charges that cover the cost to the state of 
14providing copies on appropriate computer-readable media of the entire database for reports filed 
15during each calendar year, as well as hard copies of an individual annual report for a specific 
16corporation. No report for any corporation for a particular tax year shall be publicly available 
17until the first day of the third calendar year that follows the calendar year in which the particular 
18tax year ends.