California SB1349 mandates the Legislative Analyst’s Office to assess major tax expenditures, report findings, and recommend changes to the.

California SB1349 requires the Legislative Analyst’s Office to conduct a comprehensive assessment of the state’s major tax expenditures, which have resulted in over $1 billion in foregone revenue over the past decade. The office must publish reports on these expenditures annually, starting by October 15, 2027, and ending by January 1, 2032. Each report should analyze the cost-effectiveness of the expenditures, their impact on the General Fund and Proposition 98, and whether they still meet their intended purposes.

California SB1349 mandates the Legislative Analyst’s Office to assess major tax expenditures, report findings, and recommend changes to the.

California SB1349 requires the Legislative Analyst’s Office to conduct a comprehensive assessment of the state’s major tax expenditures, which have resulted in over $1 billion in foregone revenue over the past decade. The office must publish reports on these expenditures annually, starting by October 15, 2027, and ending by January 1, 2032. Each report should analyze the cost-effectiveness of the expenditures, their impact on the General Fund and Proposition 98, and whether they still meet their intended purposes.