summary
Introduced
01/13/2025
01/13/2025
In Committee
04/16/2025
04/16/2025
Crossed Over
Passed
Dead
06/27/2025
06/27/2025
Introduced Session
Potential new amendment
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act directs the LRO to study tax expenditures. (Flesch Readability Score: 66.1). Requires the Legislative Revenue Officer to study tax expenditures. Directs the Legislative Re- venue Officer to submit findings to the interim committees of the Legislative Assembly related to revenue not later than December 1, 2026.
AI Summary
This bill directs the Legislative Revenue Officer (LRO), a key legislative staff position responsible for analyzing tax and revenue matters, to conduct a comprehensive study of tax expenditures. Tax expenditures are special tax credits, deductions, exemptions, and other provisions that reduce government tax revenue by providing financial benefits to specific taxpayers or economic sectors. The LRO is required to prepare and submit a report to the interim legislative committees focused on revenue by December 1, 2026, which may include recommendations for potential legislative changes. The bill includes a sunset provision that automatically repeals the study requirement on January 2, 2027, effectively making this a time-limited directive for the LRO to examine and potentially propose reforms to existing tax expenditure policies.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
In committee upon adjournment. (on 06/27/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
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