MI SB1017

Creates the Legislative Tax Expenditure Review Commission within the legislative council to review state tax credits, deductions, and exemptions.

Commission consists of 5 economists appointed by legislative leaders: one from University of Michigan (House Speaker), one from Michigan State University (House Minority Leader), one from Michigan Technological University (Senate Majority Leader), one from Wayne State University (Senate Minority Leader), and one from the Upjohn Institute (joint House Speaker and Senate Majority Leader selection).

Members serve 3-year terms in a nonpartisan manner without compensation but may be reimbursed for reasonable expenses; commission meets at least monthly and operates under open meetings requirements.

By December 31, 2012, commission must review and investigate tax expenditures and evaluate whether each generates good return on investment.

By October 1, 2013, commission must determine which tax expenditures should be continued, modified, or repealed and report findings to both houses of the legislature and the governor.