Tax preferences and tax incentives are called tax expenditures by most other states and the US Congress – they are revenue that is not collected. Not collecting this revenue from certain taxpayers is a form of picking winners and losers and the end … Continue reading
Monthly Archives: February 2015
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Tax Exemption Transparency and Accountability Act 2015–HB 1239 & SB 5492 Tax exemptions, preferences, deductions, credits and deferrals are off budget expenditures. They lack the accountability and transparency that exists for other expenditures the state makes as part of the … Continue reading
Representative Gerry Pollet (LD-46) has reintroduced the Tax Exemption Transparency and Accountability Act in the 2015 Legislative Session. He was the prime sponsor of the bill in the House last year with 24 sponsors. This year as HB 1239 it has 26 … Continue reading