An Act To Examine Best Practices Relating to Tax Expenditures

CONCEPT DRAFT SUMMARY

This bill is a concept draft pursuant to Joint Rule 208.

This bill proposes to direct the Joint Standing Committee on Taxation to examine best practices relating to tax expenditures. The committee will examine various approaches to tax expenditures, including but not limited to placing a cap on tax expenditures and developing expenditure budgets, in order to determine the best way to achieve the goals of tax expenditures in the most effective and efficient manner possible and to ensure transparency and accountability.