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Legislative Year: 2024 Change
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Bill Detail: HB24-1053

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Title Tax Policy Analysis by the Legislative Branch
Status Senate Committee on Finance Refer Unamended to Appropriations (02/29/2024)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors M. Weissman (D)
R. Marshall (D)
Senate Sponsors L. Liston (R)
C. Hansen (D)
House Committee Finance
Senate Committee Finance
Date Introduced 01/10/2024
Summary

Legislative Oversight Committee Concerning Tax Policy.
Section 1 of the bill makes the following changes to the state auditor's
procedures for evaluating state tax expenditures:
  • Requires evaluation reports to be delivered and posted on
June 30 instead of September 15;
  • Requires the state auditor to evaluate new tax expenditures
in accordance with the state auditor's schedule;
  • Allows the state auditor to use discretion in reevaluting tax
expenditures if there have been substantial changes to the
tax expenditure;
  • Eliminates the evaluation requirement for tax expenditures
that are on the state auditor's schedule for evaluation but
have been repealed or will repeal within one year of the
evaluation;
  • For tax expenditures that are in effect for 3 years or less,
requires the state auditor to make the auditor's best effort to
prepare the evaluation report using the best available data;
and
  • Allows the state auditor to modify the schedule for
evaluating tax expenditures in consideration of timing for
when sufficient data may be available to evaluate the tax
expenditure.
Section 2 requires the state auditor to annually study and evaluate
federal tax law, including changes, that may have significant impact on
the state's tax base and prepare a report with the state auditor's findings
by June 30, 2025, and by June 30 of each year thereafter.
Section 3 requires the legislative oversight committee concerning
tax policy (committee) to consider the policy considerations set forth in
the state auditor's report concerning a review of federal tax law, including
changes, that may have a significant impact on the state's tax base, in
addition to the policy considerations set forth in the state auditor's tax
expenditure evaluations. The committee may request that the state auditor
evaluate specific tax expenditures for the next year's evaluation report
notwithstanding when the tax expenditure might otherwise be evaluated
according to the state auditor's schedule. The committee may additionally
request the state auditor to perform specific and discrete research and
analysis tasks.
Section 4 requires that the office of the state auditor present to the
task force concerning tax policy (task force) its tax expenditure evaluation
reports and annual report concerning federal tax law, including changes,
that have significant impact on the state's tax base upon request by the
task force.
Section 5 extends the committee and the task force until December
31, 2031.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (01/10/2024) (most recent)  
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