AR HB2276

Requires the Department of Finance and Administration to submit an annual report to the Legislative Council or Joint Budget Committee by November 1 each year containing 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 estimate the revenue impact of each individual tax credit, deduction, exemption, exclusion, or other incentive listed.

Report must estimate tax revenue generated by each tax administered by the department, including separate revenue estimates for each individual bracket under the Income Tax Act of 1929.

Report must provide estimated figures for three fiscal years: the year preceding the report year, the report year itself, and the year following the report year.