JLARC releases guidance for drafting tax preference performance statements

Last year the Legislature passed a requirement for bills creating or expanding tax preferences to include a performance statement to identify the expected outcome for the policy change. We were very happy to work with Rep. Carlyle, Chair of the House Finance Committee, on this concept. The Legislature also directed the Joint Legislative Audit and Review Committee (JLARC) to develop guidance on how these tax preference performance statements should be drafted. The JLARC report is now available. Among JLARC's recommendations . . . READ MORE