This bill modifies the process for income tax credit review.
This bill:
- extends the income tax credit review cycle from three years to five years;
- provides a process for the Office of the Legislative Auditor General to audit the income tax credits; and
- makes technical changes.
Recommended by: Revenue and Taxation Interim Committee

Statutes affected:
Introduced: 59-7-159, 59-7-614.2, 59-7-614.5, 59-7-614.7, 59-7-614.10, 59-7-619, 59-10-137, 59-10-1025, 59-10-1029, 59-10-1034, 59-10-1037, 59-10-1107, 59-10-1108
Enrolled: 59-7-159, 59-7-614.2, 59-7-614.5, 59-7-614.7, 59-7-614.10, 59-7-619, 59-10-137, 59-10-1025, 59-10-1029, 59-10-1034, 59-10-1037, 59-10-1107, 59-10-1108
Substitute #1: 59-7-159, 59-7-614.2, 59-7-614.5, 59-7-614.7, 59-7-614.10, 59-7-619, 59-10-137, 59-10-1025, 59-10-1029, 59-10-1034, 59-10-1037, 59-10-1107, 59-10-1108