LB228

LB228 amends the Legislative Performance Audit Act to redefine terms, update provisions, and change requirements for tax incentive performance audits.

LB228 modifies the Legislative Performance Audit Act by redefining terms such as "agency," "business day," and "committee." It updates obsolete provisions and changes requirements for tax incentive performance audits. These audits must analyze whether tax incentive programs meet goals like strengthening the economy, expanding businesses, and increasing employment. The audits also assess fiscal impacts and make recommendations for statutory changes. The Legislative Performance Audit Committee reviews these audits and can amend recommendations before approving a report.