Bills

HB 2429: DBEDT; DEPARTMENT OF TAXATION; TAXATION; TAX EXPENDITURE DISCLOSURE AND EVALUATION; INCOME TAX CREDITS; GENERAL EXCISE AND RELATED USE TAX EXEMPTIONS

  • Session Year: 2025-2026
  • House: House
  • Latest Version Date: 2026-04-10

Current Status:

In Progress

(2026-04-17: Received notice of disagreement (Hse. Com. No. 780).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Requires the Department of Business, Economic Development, and Tourism to study the effectiveness of tax expenditures and prepare summary descriptive statistics.  Requires annual reports.  Authorizes Department of Business, Economic Development, and Tourism staff to access certain information on tax returns for the purpose of studying the effectiveness of tax expenditures.  Applies to taxable years beginning after 12/31/2026.  Effective 7/1/3050.  (SD2)

Discussed in Hearing

Senate Standing Committee on Judiciary19SEC
Apr 8, 2026

Senate Standing Committee on Judiciary

Senate Standing Committee on Ways and Means19SEC
Apr 8, 2026

Senate Standing Committee on Ways and Means

House Standing Committee on Economic Development & Technology4MIN
Feb 13, 2026

House Standing Committee on Economic Development & Technology

House Standing Committee on Economic Development & Technology44SEC
Feb 13, 2026

House Standing Committee on Economic Development & Technology

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News Coverage:

HB 2429: DBEDT; Department of Taxation; Taxation; Tax Expenditure Disclosure and Evaluation; Income Tax Credits; General Excise and Related Use Tax Exemptions | Digital Democracy