Joint committee reviews SB 120 dash‑1 omnibus of tax‑expenditure extensions and credit changes

The joint committee on tax expenditures met June 4 for an informational review of the dash‑1 amendment to Senate Bill 120, an omnibus measure that would extend multiple tax credits and subtractions and adjust several program caps and credit values. Kyle Leeson of the Legislative Revenue Office presented the amendment and an accompanying table of sections and estimated revenue impacts.

Leeson told the committee that the dash‑1 amendment would extend four credits currently undergoing sunset review by six years, including the earned income tax credit, the pension income tax credit and the manufactured‑dwelling‑park owner credit. "This is the omnibus measure," Leeson said, describing the dash‑1 as a package that aligns with revenue‑impact statements for related bills. He said the crop‑donation tax credit in the package would be expanded: "under current law, the credit value is 15% of the wholesale value of the crop donated; the change here would be to increase that to 25%." Several other changes…