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Panel clarifies definition of 'tax incentive' in code; bill to require inclusion of certain exemptions advances
2107521 · January 8, 2025
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Summary
Senate Bill 2038 would add a definition of 'tax incentive' into statute to ensure future exemption data includes deductions, credits and exemptions. The committee approved a 'do pass' recommendation after the bill's sponsor explained it addresses a data gap encountered during an interim review of tax exemptions.
Senate Bill 2038, sponsored by Representative Jared Hegert and carried in the Senate Finance and Tax Committee, would add a statutory definition of “tax incentive” — explicitly including deductions, credits and exemptions — so that exemption…
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