Introduced
by
To rename an annual state report which tallies the amount of state tax credits, deductions, and exemptions. The report is now called the “tax expenditure report,” and this term would be removed from the statute requiring the report. The current wording could be interpreted to establish a presumption that everything is taxable, except for those things the state chooses not to tax.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 106 to 0 (details)
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 34 to 1 (details)
To rename an annual state report which tallies the amount of state tax credits, deductions, and exemptions. The report is now called the “tax expenditure report,” and this term would be removed from the statute requiring the report. The current wording could be interpreted to establish a presumption that everything is taxable, except for those things the state chooses not to tax. See also Senate Bill 362, which would amend different sections of the law requiring the report to do the same thing.
