Relating to legislative procedure for tax credit measures.
Catchline/Summary:
Requires chief sponsor or proponent of measure creating or expanding tax credit to submit statement of purpose to legislative committee on revenue. Requires chief sponsor or proponent of measure creating or expanding tax credit to submit statement of purpose to legislative committee on revenue. Directs Legislative Revenue Officer to prepare list of tax credits with revenue impact in excess of revenue impact of tax credit projected at time of enactment or amendment. Requires public hearing on tax credits with excess revenue impact of at least 10 percent.
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HB 3542
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