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2012 Senate Bill 1016: Rate proposed business tax credits, deductions and exemptions
  1. Introduced by Sen. Morris Hood, III (D) on March 13, 2012, to require the House and Senate Fiscal Agencies to rate any proposed business tax deduction, exemption or credit on an “A” to “F” scale based on the cost per job the measure would reportedly generate. The ratings would presumably apply to both selective “corporate welfare” type tax breaks given only to certain firms or industries chosen by legislators and political appointees (and which are often cash subsidies styled as “refundable tax credits”), as well as various deductions and exemptions that any firm may claim.
    • Referred to the Senate Appropriations Committee on March 13, 2012.
      • Reported in the Senate on April 17, 2012, with the recommendation that the bill be referred to the Committee on Finance.
    • Referred to the Senate Finance Committee on April 17, 2012.

Comments

Re: 2012 Senate Bill 1016 (Rate proposed business tax credits, deductions and exemptions )  by TaterSalad on August 24, 2012 
Unemployment is 23% and Nobody will believe this but the voters should know! Thank you Unions, thank you Barack and thank you DNC .........for "nothing" but a very high "Misery Index" in America.

http://dancingczars.wordpress.com/2012/08/24/obama-economy-even-worse-than-anticipated/

Re: 2012 Senate Bill 1016 (Rate proposed business tax credits, deductions and exemptions )  by shanna on August 24, 2012 
Really, when I first read about this bill I was hoping that they will be a part of a more equitable system. In reality things are not like this. Bradley S Cohen once told that if we don't pay attention the risks and opportunities in business taxation system we might register important loses.


Re: 2012 Senate Bill 1016 (Rate proposed business tax credits, deductions and exemptions )  by mike338 on March 20, 2012 

 So you want to make this a political football. You want a group to choose who will get tax brakes. I winder just how mucn more this will create more political corruption and allow more money to be given to you people in office in order to give yourselves a bigger bank account so you can then decide if any company, based on their contribuitions to you, should get a tax brake. What a crock.



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