Introduced
by
To place before voters in the next general election a constitutional amendment to require a four-year “sunset” be included in any bill to increase or create a new tax exemption or tax credit that have the effect of reducing tax revenue. Presumably this could apply to both targeted “corporate welfare” type tax breaks (or cash subsidies styled as “refundable tax credits”) and general exemptions or credits available to any individual or business, not just those selected by local or state “economic development” bureaucracies.
Referred to the Committee on Finance
