Bill Text: OH HB671 | 2013-2014 | 130th General Assembly | Introduced

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Bill Title: To require the Department of Taxation to conduct a one-time cost-benefit analysis of all existing tax credits, to appropriate $200,000 for that purpose, and to require that, before a new tax credit may be enacted, the Department must conduct a cost-benefit analysis of the proposed credit.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2014-11-18 - To Finance and Appropriations [HB671 Detail]

Download: Ohio-2013-HB671-Introduced.html

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As Introduced

130th General Assembly Regular Session 2013-2014

H. B. No. 671

Representative Schuring 

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A BILL

To enact section 5703.95 of the Revised Code to

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require the Department of Taxation to conduct a

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one-time cost-benefit analysis of all existing tax

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credits, to appropriate $200,000 for that purpose,

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and to require that, before a new tax credit may

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be enacted, the Department must conduct a

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cost-benefit analysis of the proposed credit.

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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:

Section 1.  That section 5703.95 of the Revised Code be	8
enacted to read as follows:	9

Sec. 5703.95.  (A) As used in this section:

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(1) "Tax credit" means any credit allowed against a tax	11
administered by the department of taxation other than a credit	12
solely to reconcile excess tax payments or remittances.	13

(2) "Tax credit bill" means a bill introduced in the house of	14
representatives or the senate that proposes to enact one or more	15
tax credits.	16

(3) "State institution of higher education" has the same	17
meaning as in section 3345.011 of the Revised Code.	18

(B) Before a tax credit bill may be scheduled for a vote in	19
any legislative committee, the department of taxation shall	20
conduct a cost-benefit analysis of the proposed tax credit and	21
prepare a report of its findings and recommendations. The	22
department shall provide a copy of the report to each member of	23
the legislative committee to which the bill has been referred.	24

(C) The department of taxation may contract with a state	25
institution of higher education to assist in analyzing the costs	26
and benefits of the proposed tax credit and in preparing the	27
report of its findings and recommendations.	28

Section 2.  (A) As used in this section:

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(1) "Tax credit" means any credit allowed against a tax	30
administered by the Department of Taxation other than a credit	31
solely to reconcile excess tax payments or remittances.	32

(2) "Tax credit bill" means a bill introduced in the House of	33
Representatives or the Senate that proposes to enact one or more	34
tax credits.	35

(3) "Institution of higher education" has the same meaning as	36
in section 3345.011 of the Revised Code.	37

(B) On or before the first day of the thirteenth month after	38
the effective date of this act, the Department of Taxation shall	39
conduct a cost-benefit analysis of all existing tax credits and	40
prepare a report of its findings and recommendations. The	41
Department shall provide a copy of the report to the Governor, the	42
President and Minority Leader of the Senate, and the Speaker and	43
Minority Leader of the House of Representatives. Before issuing	44
the report, the Department shall allow any person to provide the	45
Department with evidence related to the costs or benefits of each	46
tax credit under review.	47

(C) The Department of Taxation may contract with a state	48
institution of higher education to assist in analyzing the costs	49
and benefits of each tax credit under review and in preparing the	50
report of its findings and recommendations.	51

Section 3.  All items in this section are hereby appropriated	52
as designated out of any moneys in the state treasury to the	53
credit of the designated fund. For all appropriations made in this	54
act, those in the first column are for fiscal year 2014 and those	55
in the second column are for fiscal year 2015. The appropriations	56
made in this act are in addition to any other appropriations made	57
for the FY 2014-FY 2015 biennium.	58

TAX DEPARTMENT OF TAXATION	59

General Revenue Fund	60

GRF	110321		Operating Expenses		$	0		$	200,000		61
TOTAL GRF General Revenue Fund					$	0		$	200,000		62
TOTAL ALL BUDGET FUND GROUPS					$	0		$	200,000		63

TAX CREDIT REVIEW

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The foregoing appropriation item 110321, Operating Expenses,	65
shall be used to conduct the cost-benefit analysis required under	66
Section 2 of this act.	67

Within the limits set forth in this act, the Director of	68
Budget and Management shall establish accounts indicating the	69
source and amount of funds for each appropriation made in this	70
act, and shall determine the form and manner in which	71
appropriation accounts shall be maintained. Expenditures from	72
appropriations contained in this act shall be accounted for as	73
though made in Am. Sub. H.B. 59 of the 130th General Assembly.	74

The appropriations made in this act are subject to all	75
provisions of Am. Sub. H.B. 59 of the 130th General Assembly that	76
are generally applicable to such appropriations.	77