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SF 220 Senate Long Description

1E "Tax Expenditure Review Act"; providing for review and sunset of tax expenditures; defining certain terms; establishing the tax expenditure advisory commission; authorizing the employment of an executive director; prescribing the adoption of certain rules; requiring commissioner of revenue to provide regular reports to the commission; specifying certain duties of the commission; requiring the review and periodic reenactment of all existing and new tax expenditures; requiring rate reductions to achieve revenue neutrality; requiring the monitoring of certain legislation affecting tax expenditures; authorizing the legislature to continue a tax expenditure contained in the report for a certain amount of time; authorizing the commission to accept gifts and grants
(ra)