Tax Insider for April 21
Over the last decade, the Joint Committee on Tax Expenditures usually begins meeting mid-to-late May, typically after the last revenue forecast. Like much of this session, however, nothing is usual.
Top Lines
- The Joint Committee on Tax Expenditures is meeting earlier and more frequently than any other session. Is the committee becoming another Ways & Means?
- The House Revenue Committee dedicated most of its time this week to exploring the state's property tax incentive programs, including Enterprise Zones and the Strategic Investment Program.
- The Senate Finance & Revenue Committee provided some airtime to advocates wanting to curtail the home mortgage interest deduction. Does the perennial measure have legs?