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 Finance
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
by
To require the annual state report of state tax credits, deductions, and exemptions to also include "loopholes." The term "loophole" is not defined in the amendment, and is subject to varied interpretations.
The amendment failed by voice vote
Passed in the Senate 32 to 6 (details)
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 104 to 4 (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 House Bill 4524, which would amend different sections of the law requiring the report to do the same thing.
