Provides for a study of credits, exemption, and rebates and the corresponding impact on the state budget.
Provides for an annual reporting requirement by certain nonprofit entities for certain sales tax exemptions. (7/1/16) (Item Nos. 7, 8, 11, 12, 14, 15, 19-24, 32) (EN SEE FISC NOTE GF RV See Note)
Requires state agencies which administer tax credits and rebates to report certain information (EN NO IMPACT GF EX See Note)
Provides for the termination of certain tax exemptions, exclusions, credits, deductions, and other tax incentives (EG INCREASE GF RV See Note)
Provides relative to the organization of the Tax Exemption Budget (EN NO IMPACT GF EX See Note)
Requires review of the tax exemption budget by legislative committees every odd-numbered year (EN NO IMPACT GF RV See Note)
Provides for the rate of the state sales and use tax and for exemptions, exclusions, credits, and rebates claimed against sales and use taxes; and provides for a flat rate of income tax for individuals, estates, and trusts, increases the standard deduction, and modifies or repeals certain income tax deductions and credits (Items #5, 6, and 8) (EN SEE FISC NOTE RV See Note)
Reduces the amount of certain income tax exclusions, exemptions, deductions, and credits (OR +$850,000,000 SD RV See Note)
Reduces the amount of certain income tax exclusions, exemptions, deductions, and credits (OR +$850,000,000 GF RV See Note)
Requires sales and use tax exemptions, exclusions, credits, or rebates to apply to both the state and local sales tax bases (EN SEE FISC NOTE GF RV See Note)