90th General Assembly
Summary of SB0593
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Senate Sponsors:
PETERSON-O'DANIEL-SEVERNS-MYERS,J.

House Sponsors:
BIGGINS-ERWIN

Short description: 
COMPT-ANNUAL RPT TAX ANALYSIS                                              

Synopsis of Bill as introduced:
        Amends the State Comptroller Act.  Provides that  annual  reports      
   of  State  agencies  shall  include  an  analysis of the impact of tax      
   expenditures upon the number of jobs created or retained in the State,      
   the number of business attracted to or retained in the State, and  the      
   extent  of benefits conferred upon the intended beneficiaries of those      
   tax expenditures.  Provides  that  the  Comptroller  may  hold  public      
   hearings  in  order  to  assemble,  assess,  and  report  on  the  tax      
   expenditures  for  which  reporting  is  required.  Provides that at a      
   hearing the Comptroller may hear testimony from  agencies,  businesses      
   or   business   groups,  members  of  the  public,  and  the  intended      
   beneficiary.  Effective immediately.                                        
        SENATE AMENDMENT NO. 1.                                                
        Deletes a provision that the Comptroller may hold public hearings      
   to  assemble,  assess,  and  report  on  tax  expenditures  for  which      
   reporting is required.  Deletes a provision that the  Comptroller  may      
   hear  testimony  from the agencies submitting tax expenditure reports,      
   business or business groups, members of the public, and  the  intended      
   beneficiary of the tax expenditures.                                        
        SENATE AMENDMENT NO. 2.                                                
        Provides that annual reports of State agencies shall include data      
   demonstrating (instead  of  an  analysis  of)  the  impact  of  a  tax      
   expenditure  upon the number of jobs created or retained in the State,      
   the number of businesses attracted to or retained in  the  State,  and      
   the  extent of benefits conferred upon the intended beneficiary of the      
   tax expenditure.                                                            
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   2


   END OF INQUIRY 



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