This memorandum provides a checklist of items to consider when evaluating legislation that creates or alters a tax expenditure. The items provided are listed under the following headings: incentives matter; distribution of income; ease of taxpayer compliance; transparency; Taxpayer's Bill of Rights (TABOR) and the General Fund budget; local government impacts; and ease of administraton.
This memorandum provides an overview of the transfers and economic triggers created in Senate Bill 09-228. Senate Bill 09-228 altered the limit on General Fund appropriations, created future transfers from the General Fund to transportation and capital construction, and increased the General Fund statutory reserve in future fiscal years.
