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Committee advances bill to clarify 'tax incentive' definition for exemption studies
2104175 · January 8, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Senate Bill 2038 would add a statutory definition of “tax incentive” (including deductions, credits and exemptions) so future legislative exemption studies can include all relevant items; the committee recommended the bill for a do-pass vote.
Representative Jared Hegert told the Senate Finance and Tax Committee that Senate Bill 2038 was intended to clarify statutory language so that future interim studies and legislative requests for exemption data would include deductions, credits and exemptions that…
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