§ 77-385 — Tax expenditure report; summary; submission required; joint hearing; supplemental information

(1) The
report required under section 77-382 and a summary of the report shall be
submitted to the Governor, the Executive Board of the Legislative Council,
and the chairpersons of the Legislature's Revenue and Appropriations Committees
on or before October 15, 1991, and October 15 of every even-numbered year
thereafter. The report submitted to the executive board and the committees
shall be submitted electronically. The department shall, on or before December
1 of each even-numbered year, appear at a joint hearing of the Appropriations
Committee of the Legislature and the Revenue Committee of the Legislature
and present the report. Any supplemental information requested by three or
more committee members shall be presented within thirty days after the request.
The summary shall be included with or appended to the Governor's budget presented
to the Legislature in odd-numbered years.
(2)(a) In addition
to the tax expenditure report required under section 77-382 , the department
shall prepare an annual report that focuses specifically on the tax expenditures
relating to sales and use tax as follows:
(i) For 2014 and every fourth year thereafter,
the report shall analyze the actual or estimated revenue loss caused by the
tax expenditures described in subdivisions (2)(a) through (c) of section 77-382 ;
(ii) For 2015
and every fourth year thereafter, the report shall analyze the actual or estimated
revenue loss caused by the tax expenditures described in subdivisions (2)(d)
through (f) of section 77-382 ;
(iii) For 2016 and every fourth year thereafter,
the report shall analyze the actual or estimated revenue loss caused by the
tax expenditures described in subdivisions (2)(g) through (j) of section 77-382 ;
and
(iv) For 2017 and every fourth year thereafter, the report shall
analyze the actual or estimated revenue loss caused by the tax expenditures
described in subdivisions (2)(k) through (m) of section 77-382 .
(b) The report
required under this subsection shall be submitted to the Governor, the Executive
Board of the Legislative Council, and the chairpersons of the Revenue Committee
of the Legislature and the Appropriations Committee of the Legislature on
or before October 15 of each year. The report submitted to the executive board
and the committees shall be submitted electronically. The department shall,
on or before December 1 of each year, appear at a joint hearing of the Appropriations
Committee of the Legislature and the Revenue Committee of the Legislature
and present the report. Any supplemental information requested by three or
more committee members shall be presented within thirty days after the request.

Legislative History

Source: Laws 1979, LB 17, § 7; R.S.Supp.,1979, § 77-359; Laws 1980, LB 834, § 26; Laws 1991, LB 82, § 3; Laws 2012, LB782, § 136; Laws 2013, LB612, § 1; Laws 2014, LB989, § 3.