Establishes the incentive evaluation act; creates the incentive evaluation commission to evaluate state incentives every four years.

The bill establishes the incentive evaluation act, creating the incentive evaluation commission. This commission is tasked with evaluating each incentive provided by the state at least once every four years. The evaluations must assess the economic and fiscal impact, effectiveness, and goal achievement of each incentive. The commission will report to the governor and the legislature, providing recommendations on whether to retain, reconfigure, or repeal each incentive. The commission can contract with private entities for professional services to assist with evaluations.

Establishes the incentive evaluation act; creates the incentive evaluation commission to evaluate state incentives every four years.

The bill establishes the incentive evaluation act, creating the incentive evaluation commission. This commission is tasked with evaluating each incentive provided by the state at least once every four years. The evaluations must assess the economic and fiscal impact, effectiveness, and goal achievement of each incentive. The commission will report to the governor and the legislature, providing recommendations on whether to retain, reconfigure, or repeal each incentive. The commission can contract with private entities for professional services to assist with evaluations.