TAX RETURN INFO FOR LFC EVALUATION
Bill would grant Legislative Finance Committee access to tax return data for evaluating state tax expenditures and revenue impacts; pocket vetoed after passing both chambers.
Bill would grant Legislative Finance Committee access to tax return data for evaluating state tax expenditures and revenue impacts; pocket vetoed after passing both chambers.
HB 199 would have required the Legislative Finance Committee (LFC) to receive tax return information from the Taxation and Revenue Department to evaluate tax expenditures and revenue impacts. The bill passed both chambers with amendments before being pocket vetoed by the governor on April 14, 2025.
Tax expenditures (credits, deductions, exemptions) represent significant foregone state revenue, and the LFC needs detailed data to assess whether these programs achieve their intended policy goals and remain cost-effective. Without access to actual tax return data, legislative budget oversight relies on incomplete information, potentially allowing inefficient or underperforming tax incentives to persist.
Compiled from official sources — confirm details with the bill’s official record.
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