Authors: Representative Eric Allan Koch
Co-authors: Representative Holli Sullivan, Representative Mike Braun, Representative Todd Huston, Representative Peggy Mayfield, Representative Edward DeLaney
Sponsors: Senator Brandt Hershman, Senator Greg Walker
Co-Sponsors: Senator Lonnie Randolph
Specifies that the legislative services agency (rather than the commission on state tax and financing policy or its successor committee, under current law) shall before October 1 of each year conduct the review, analysis, and evaluation of all tax incentives under House Enrolled Act 1020-2014, according to a schedule developed by the legislative services agency. Requires the legislative services agency to submit the results of the review, analysis, and evaluation to the legislative council and the interim study committee on fiscal policy. Requires the interim study committee on fiscal policy to hold an annual public hearing after September 30 and before November 1 of each year at which: (1) the legislative services agency presents its review, analysis, and evaluation of tax incentives; and (2) the interim study committee receives information concerning tax incentives. Requires the interim study committee on fiscal policy to submit to the legislative council any recommendations made by the interim study committee that are related to the legislative services agency's review, analysis, and evaluation of tax incentives prepared under this section. Requires the legislative services agency to provide information to be used by the general assembly to make certain determinations regarding tax incentives. (Current law requires the legislative services agency to make these determinations.) Requires the legislative services agency to prepare and publish a tax expenditure report before November 1 of each even numbered year. Specifies the required elements of the tax expenditure report. Repeals the home insulation deduction and the solar powered roof vent and fan deduction.