Bill > SB1349

This bill establishes the California Tax Expenditure Review Board, an independent advisory body tasked with comprehensively assessing major tax expenditures, which are defined as tax breaks costing at least $1 billion over 10 years and lacking specific repeal dates or efficacy reporting requirements, excluding certain sales tax exemptions and deductions. The board, composed of five members including the Controller, Legislative Analyst, State Auditor, Director of Finance, and an expert in tax administration, will oversee the Legislative Analyst's Office (LAO) in conducting these assessments, which will analyze the beneficiaries, economic impacts, and effectiveness of each tax expenditure. The board will then make recommendations to the Legislature regarding these tax expenditures, culminating in a report by January 1, 2029, which will be followed by a joint legislative hearing. These provisions are temporary, set to become inoperative six months after the joint hearing and repealed the following January.

Budget and Finance

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB1349