AR HB1916

Department of Finance and Administration must submit an annual report to the Legislative Council or Joint Budget Committee by November 1 each year with information based on the preceding fiscal year.

Report must include a comprehensive list of each tax credit, deduction, exemption, exclusion, or other incentive offered under state law.

Report must provide revenue impact estimates for each tax credit, deduction, exemption, exclusion, or other incentive listed.

Report must include tax revenue estimates for each tax administered by the department, with separate breakdowns for each individual bracket under the Income Tax Act of 1929.

Report must include estimated figures for the fiscal year before and after the year being reported on, providing a three-year projection.