ITEP’s Testimony on Tax Expenditure Procedural Reform
reportMy testimony today focuses on House Bill 5737, which would enact a variety of reforms designed to enhance the level of scrutiny applied to new tax credits, deductions, exemptions, and exclusions. This testimony emphasizes how these reforms would help remove counterproductive biases in favor of relying too heavily on tax preferences; how similar reforms have been used in other states; and why the mix of reforms contained in this bill is particularly appropriate.