Bill > SB1349

This bill mandates that the Legislative Analyst's Office (LAO), a non-partisan fiscal advisor to the California Legislature, conduct comprehensive assessments of "major tax expenditures," which are defined as tax breaks costing over $1 billion in foregone revenue over 10 years that lack an end date or performance metrics. The LAO must identify potential savings from reducing or repealing these expenditures, considering their impact on the General Fund (the state's main operating budget) and their cost-effectiveness compared to other policy options, and report its findings and recommendations to specific legislative committees. The bill also requires these committees to hold public hearings on the reports, and it sets deadlines for the LAO to publish its first report by October 15, 2027, and subsequent reports annually thereafter, with the entire process becoming inoperative and repealed after a specified period following the legislative hearings.

Budget and Finance, Government Affairs

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