Improving the performance of tax preferences

By a vote of 47-0, on March 7 the Senate adopted ESB 5843: Strengthening the review of the legislature's goals for tax preferences. This bill would require explicit legislative intent for new tax preferences and require performance metrics to help evaluate their impact. These policies reflect the advice I provided the Senate Ways and Means Committee during my testimony on various tax increase proposals on February 14. ESB 5843 has been referred to the House Finance Committee for consideration . . . READ MORE