Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance, Revenue and Bonding working group opens review of state tax expenditures
Summary
Representative Maria Horn convened a bipartisan working group to inventory state tax expenditures, starting with corporate tax credits reportedly claimed by very few taxpayers; members asked agencies to compile data, clarify administrative costs, and return in January with a prioritized list for cleanup or further study.
Hartford — Representative Maria Horn convened the Finance, Revenue and Bonding working group on Monday and set two primary objectives for the panel: identify short-term tax-code "cleanups" and develop long-term standards for measuring whether tax expenditures achieve their intended goals.
"I'd like to come out of this with some short-term goals of things that we might be able to clean up and make our tax code simpler and clearer for people," Horn said, identifying transparency and the long-term fiscal implications of tax expenditures as central concerns. Horn opened the meeting by urging a data-driven approach and asking staff to assemble relevant external and internal reports for committee review.
The group agreed to an initial focus on corporate tax expenditures that appear to be used by very few taxpayers. "Many of these credits are not claimed by anyone," said Matt Dayton, undersecretary for legal affairs at the Office of Policy and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
