LD136

Transfers responsibility for tax expenditure review from the Government Oversight Committee to the Joint Standing Committee on Taxation.

This bill changes the entity responsible for reviewing tax expenditures in Maine. It shifts the primary responsibility for tax expenditure review and evaluation from the Government Oversight Committee to the Joint Standing Committee on Taxation. The new committee will assign tax expenditures to review categories and establish a schedule for ongoing reviews. The bill also outlines the evaluation process for tax expenditures, including the objectives and performance measures for analysis.