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Panel clarifies definition of 'tax incentive' in code; bill to require inclusion of certain exemptions advances
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 reporting and data requests cover the full set of incentives the Legislature may review.
Hegert described the bill’s origin to the committee: during an interim study of tax exemptions, the tax department’s legal interpretation excluded certain exemption records from reports because they were not specifically listed in code. The definition added by this bill is intended to close that procedural gap and make future exemption data requests consistent and comprehensive for legislative review.
There was no public opposition recorded in committee testimony. Senator Dean Rummel moved a 'do pass' recommendation; the motion was seconded and the committee recorded a majority 'aye' vote. Senator Whelan volunteered to carry the bill to the floor.
