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Legislative Budget Office summarizes Tax Expenditure Review Commission inaugural work and 2024 annual report
Summary
Legislative Budget Office staff briefed the Senate Taxes Committee on the Tax Expenditure Review Commission's 2024 annual report, noting that the commission completed initial objective statements for 45 expenditures and directed LBO to evaluate them, and explained statutory review components and timelines.
The Legislative Budget Office summarized the Tax Expenditure Review Commission's 2024 annual report and outlined the commission's statutory duties and initial workload for lawmakers on Wednesday.
Carlos Wodicka, lead budget analyst with the Legislative Budget Office, and Jordan Peoples, a GRAMA evaluator with the LBO, told the Minnesota Senate Taxes Committee that the commission conducted initial reviews and approved objectives and metrics for 45 tax expenditures during 2024.
Why it matters: statute requires the commission to review every tax expenditure at least once every 10 years and to report recommendations on whether an expenditure should be continued, repealed or modified. The commission's work turns the Department of…
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