CLICS/CLICS2024A/commsumm.nsf
PUBLIC
BILL SUMMARY For OFFICE OF THE STATE AUDITOR - TAX EXPENDITURE EVALUATIONS
INTERIM COMMITTEE LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCE
Date Jul 29, 2024
Location SCR 357
Office of the State Auditor - Tax Expenditure Evaluations -
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10:13:20 AM |
Meghan Westmoreland,
OSA, presented on the film incentive tax credit.
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10:15:03 AM |
The committee had a discussion with OSA about film incentive tax credits and 2024 legislation.
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10:26:33 AM |
Ms. Westmoreland
continued by discussing child care expenses income tax credits: child care
expenses credit and low-income child care expenses credit.
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10:42:58 AM |
Ms. Westmoreland continued by discussing the deduction of wages and salaries due to IRC 280C.
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10:53:07 AM |
Ms. Westmoreland continued by discussing the tax-exempt organization insurance premium tax deduction and credit for insolvency assessments paid.
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11:06:24 AM |
Kim Tinnell, OSA, came to the table to present on a memorandum issued by OSA on the Alternative Transportation Options Credit for Employers.
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11:19:13 AM |
Ms. Tinnell continued by discussing the business personal property tax income tax credit.
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11:36:49 AM |
Ms. Tinnell continued by discussing the contaminated land redevelopment credit.
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11:43:54 AM |
Ms. Tinnell continued by discussing the state income tax refund deductions.
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11:48:22 AM |
Ms. Tinnell continued by discussing the excise tax credt for unsalable alcohol.
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12:00:04 PM |
Ms. Tinnell continued by discussing several fuel excise tax expenditures: two percent loss allowance, bad debt & administrative allowance, and the lost and destroyed fuel credit.
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12:08:56 PM |
Ms. Tinnell continued by discussing the the agricultural sales tax exemptions: the farm and equipment and parts exemption and the special fuels for farm vehicles exemption.
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12:14:38 PM |
The committee took a break for lunch.
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01:02:37 PM |
The committee came back to order.
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01:02:48 PM |
Jacquelyn Combellick, OSA, continued the presentation by discussing the OSA memo on the residential energy storage credit.
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01:06:20 PM |
Ms. Combellick continued by discussing the organ donor employer credit.
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01:12:24 PM |
She continue by discussing the dyed special fuels and off-road fuel use tax expenditures.
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01:17:58 PM |
Ms. Combellick continued by discussing the fraternal society exemption.
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01:20:46 PM |
Ms. Combellick continued by discussing the wholesale sales tax exemption.
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