House panel hears extensive testimony on omnibus tax-expenditure bill HB 12‑96

Representative Leslie Garcia and co-prime Representative Zocai brought House Bill 12‑96 before the House Finance Committee for testimony, saying the omnibus bill would modify multiple tax expenditures to better match legislative intent and reduce administrative burden.

Committee members heard nearly three hours of testimony and questions on measures ranging from adjustments to the Regional Home Office (RHO) premium-rate reduction to expansions of child-care-related credits and a proposal to tax certain downloaded software. Sponsors said many changes were based on recommendations from the Office of the State Auditor (OSA) and that some provisions extend or expand credits (for example, extending the child-care contribution tax credit to 2032 and moving a property tax reimbursement program to a tax-credit model) while other sections would repeal little-used credits and tighten eligibility where the auditor found the incentives did not…