Strengthening the review of the legislature's goals for tax preferences by requiring that every new tax preference provide an expiration date and statement of legislative intent.
Summary
Requires legislation enacted after July 1, 2012, that authorizes a new tax preference or the expansion or extension of an existing tax preference to contain a statement of legislative intent.
Expires any tax preference enacted after July 1, 2012, five years after the provision's effective date unless an alternate expiration date is provided in the legislation.
From the Substitute House Bill Analysis 2012 (SSB 6088), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed Senate, stalled in House
AN ACT Relating to strengthening the review of the legislature's goals for tax preferences by requiring that every new tax preference provide an expiration date and statement of legislative intent;