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Wed February 6, 2013
Tax Rebates May Move to Odd Years
Originally published on Wed February 6, 2013 5:39 pm
State Sen. Dan Claitor wants to add tax rebates to the list of matters that can only be considered in odd-numbered years, when the constitution mandates lawmakers take up fiscal issues. Generally, even-numbered years are reserved for non-fiscal deliberations. The constitutional amendment would require two-thirds approval in the legislature and a vote of the people.
Tax exclusions, exemptions, deductions, credits, and refunds are already limited to fiscal years.
Last year the legislature established the Revenue Study Commission – a study group to examine the return of investment of each of the hundreds of rebates the state offers individuals and industries. Claitor has a seat on this commission. Their study is due out early next month.