Tax Expenditure Review Committee, New Hampshire State Legislature
The Tax Expenditure Review Committee is a standing joint committee of the New Hampshire General Court.
Per state statute, the Speaker of the House appoints two House members to the joint committee, one of whom must be either the chair or vice-chair of the House Ways and Means Committee. The President of the Senate appoints one member, either the chair or vice-chair of the Senate Ways and Means Committee.[1]
See sources: NH Rev Stat § 71-C:3
Function
According to state statute, the Tax Expenditure Review Committee is required to "review all qualifying tax expenditures on a rotating basis every 5 years and recommend continuance, amendment, or repeal of relevant provisions." Statute also describes the following additional duties:
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II. The joint committee shall determine which credits, exemptions, and reduced rates meet the definition of a tax expenditure, recommend legislation to add any additional tax expenditures to RSA 71-C:2, establish a rotating schedule for review over 5-year periods, determine the goals of each tax expenditure, and establish general criteria for the future evaluation of each such tax expenditure. III. The joint committee shall file an initial report containing its determinations on or before November 1, 2014 with the speaker of the house, the senate president, the governor, and the commissioner of revenue administration. Every November 1 thereafter, the joint committee shall file a report with recommendations for proposed legislation, including identification and a review plan for any tax expenditures that are subsequently enacted or amended. Reports required by this section shall be made available to the general public on the general court's website.[1][2] |
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Membership
External links
Footnotes
- ↑ 1.0 1.1 New Hampshire General Court, "NH Rev Stat § 71-C:3," accessed March 12, 2021
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
