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Advisory committee selects seven economic development tax incentives for interim review
Summary
The committee voted to study seven named incentives during the 2025interim, including Renaissance zone credits and sales-tax exemptions for data centers, biologic manufacturing and coal-processing facilities.
The Tax Reform and Relief Advisory Committee voted to analyze seven economic development tax incentives during the 2025interim, completing a statutory six-year review cycle for incentives the committee is required to evaluate.
Representative Dressler moved that the committee select seven incentives for study; the motion was seconded and approved unanimously on a recorded roll call.
Legislative Council member Megan Gordon told the committee the incentive-review process is statutory: the incentive-evaluation statute requires periodic analysis of listed incentives and defines review criteria and reporting obligations. Gordon provided background memoranda on each incentive, including legislative history, the intent the Legislature perceived when the incentives were enacted, and suggested data and testimony the committee could request to…
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