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CA AB2564
Bill
Status
Vetoed
9/29/2010
Primary Sponsor
Sandre Swanson
Click for details
AI Summary
- Requires the Department of Finance to provide an annual report to the Legislature on tax expenditures by February 1 of each year, changed from the previous September 15 deadline
- Report must include a comprehensive list of tax expenditures exceeding $5,000,000 in annual cost with statutory authority and legislative intent for each
- Requires sunset dates, beneficiary descriptions, and revenue loss estimates for current and two subsequent fiscal years for all listed tax expenditures
- Mandates disclosure of taxpayer impact data, including number of taxpayers affected for personal income tax and number of returns filed for corporation and sales/use taxes
- Includes information on comparable federal tax benefits and any tax expenditure evaluations completed by state agencies since the previous report
Legislative Description
State Budget: tax expenditures.
Last Action
Vetoed by Governor.
9/29/2010
Committee Referrals
Appropriations6/14/2010
Revenue and Taxation5/13/2010
Rules4/29/2010
Budget3/25/2010
Full Bill Text
No bill text available