Senate File 2117 H-8293 Amend the amendment, H-8012, to Senate File 2117, as 1 amended, passed, and reprinted by the Senate, as follows: 2 1. Page 9, after line 5 by inserting: 3 < DIVISION ___ 4 TAX CREDIT REVIEW 5 Sec. ___. NEW SECTION . 421.11 Ongoing tax credit review —— 6 repeal dates. 7 1. The general assembly finds that a regular review of 8 the tax credits administered by the department of revenue is 9 necessary to determine whether each credit is effectively and 10 efficiently meeting the needs for which created and whether 11 the needs remain applicable. The general assembly further 12 finds that a regular, systematic review process can identify 13 the tax credits that are no longer relevant or functioning at 14 a desirable level and can eliminate or reorganize those tax 15 credits so that state resources can be used most effectively or 16 diverted to other priorities. 17 2. The committees on ways and means of the senate and house 18 of representatives shall propose legislation for consideration 19 by the eighty-eighth general assembly, 2019 session, providing 20 a staggered schedule for establishing an automatic repeal 21 date for each tax credit administered by the department over 22 the succeeding five-year period. The committees on ways and 23 means shall consult with the office of the governor and the 24 department in formulating the staggered schedule and the 25 office and department shall cooperate in providing necessary 26 information requested by either committee. The repeal date 27 provisions shall be implemented in a manner so that any 28 tax credit that is reauthorized by law is again subject to 29 automatic repeal five years after reauthorization. > 30 ___. Title page, line 1, after < funding > by inserting < , 31 taxation, >> 32 2. By renumbering as necessary. 33 -1- H8012.3520 (3) 87 tm/rn 1/ 2 #1.