State Tax Expenditure & Grant Database

Legislative Oversight Committee Concerning Tax Policy. The bill creates an online database managed by the department of revenue that includes information on all qualifying state tax expenditures and state grant opportunities. A state grant opportunity is any grant funded by state money or administered by the state. A qualifying state tax expenditure is any state tax expenditure for which at least one of the following applies:

• A limited amount of dollars or credits is available;
• To qualify for the tax expenditure, a discretionary determination made by a state agency is necessary; or
• To qualify for the tax expenditure, a person must submit an application to and receive a certificate or other designation of approval from a state agency.

The database must be created by December 31, 2026, and must be reviewed and updated on an annual basis.

(Note: This summary applies to this bill as introduced.)