Beruflich Dokumente
Kultur Dokumente
and
Legislative Prerogative
POP QUIZ
Answer:
POP QUIZ:
HOW MANY TAX CREDITS
ARE ON THE BOOKS?
ANSWER:
Agricultural Fuel
At-home Parents
Capital Gains
Clean Fuel Vehicle
Employing Persons Who Are Homeless
Combat Related Death
Enterprise Zones
Farm Operations Hand Tools
Gold and Silver Coin Sales
Health Benefit Plan Premiums
Historic Preservation
Income Tax Withholding
Live Organ Donation
Low-income Housing
Medical Care Savings Account
Mineral Production Withholding
POP QUIZ:
HOW MANY $$$ IN
TAX CREDITS WERE ISSUED
IN 2014?
ANSWER:
$635.4M
($137.4M Personal Income, $498M Corporate)
Appropriations
SOMETHING IS MISSING
Tax Credits Dont Appear In The Budget
Credits Not Discussed at Appropriations
Meetings
Credits operate mostly out of sight of the
legislature
History of specific credits and policy are murky
in the mind of most Legislators
EXAMPLE:
1,400
1,200
1,000
800
600
400
200
0
2009
2010
2011
2012
2013
2014
2015
WHOOPS!
THE SOLUTION
HB170: Medical Care Savings Account
Tax Credit Repeal
A great bill. Everyone should vote for it.
Rep. Jeremy Peterson
EXAMPLE:
2008
2009
2010
2011
2012
2013
2014^
Is it time to remove
the tax credit training wheels
from a maturing industry?
Missed Opportunities
MSP - ACA implementation impacted Tax
Credit and subverted Legislative intent
MSP - Fraudulent and erroneous claims could
have been brought to Legislatures attention
Solar Market Shifts could be anticipated and
policy adjusted accordingly
THE SOLUTION:
HB310
TAX CREDIT
REVIEW AMENDMENTS
Its awesome! Rep. Jeremy Peterson
Q and A