HB21-1077 Summary

• Creates a Legislative Oversight Committee Concerning Tax Policy consisting of 6 members (2 senators appointed by president, 1 by minority leader; 2 representatives appointed by speaker, 1 by minority leader) to review tax policy evaluations and make legislative recommendations.

• Establishes a 21-member Task Force Concerning Tax Policy (4 nonvoting staff members and 17 voting members) including representatives from state agencies, higher education, local governments, tax practitioners, accountants, and business/nonprofit organizations to study and propose tax policy modifications.

• Committee must meet at least 4 times annually and task force at least 6 times annually; committee members must attend at least one task force meeting per year; both bodies submit annual reports to the General Assembly by January 1.

• Task force may create subcommittees, provide evidence-based feedback on tax-related legislative proposals within 2 weeks, and coordinate with other state agencies and task forces on related policy issues.

• Appropriates $108,383 for fiscal year 2021-22 to legislative department (including 0.8 FTE for legislative council and 0.6 FTE for office of legislative legal services); entire part repeals December 31, 2026.