To change the tax preference review process for the citizen commission for performance measurement of tax preferences and the joint legislative audit and review committee. The bill changes the criteria for the order in which tax prederences are reviewed to include factors such as grouping preferences, and it provides for an expedited process for all tax preferences, not just those with an impact of ten million dollars or less per biennium. (Companion: HB 1286).   Official Text and Analysis.

To change the tax preference review process for the citizen commission for performance measurement of tax preferences and the joint legislative audit and review committee. The bill changes the criteria for the order in which tax prederences are reviewed to include factors such as grouping preferences, and it provides for an expedited process for all tax preferences, not just those with an impact of ten million dollars or less per biennium.

To add benefits to the state's economy and growth in fulltime family wage jobs to the intent of economic development tax preferences. Adds an economic impact analysis to the list of factors to be considered by the Joint Legislative Audit and Review Committee when reviewing tax preferences.

To replace the mandatory requirement to schedule tax preferences according to the date of enactment with a more flexible approach. Eliminates the $10 million threshold for the Citizen Commission for Performance Measurement of Tax Preferences to recommend an expedited review of a tax preference.

Senate concurred with the House amendments.