(B) The tax expenditure review committee shall review all tax | 14 |
expenditures created in the Revised Code once every two years. For | 15 |
tax expenditures created before April 15, 2012, the committee | 16 |
shall review one-half of such tax expenditures in every | 17 |
even-numbered year and one-half of such tax expenditures in every | 18 |
odd-numbered year. The committee shall review tax expenditures | 19 |
created on or after April 15, 2012, according to the following | 20 |
schedule: | 21 |
(C) Each year, beginning in 2012, the legislative service | 55 |
commission shall prepare and submit to the committee a report that | 56 |
describes each tax expenditure created in the Revised Code, | 57 |
identifies the tax expenditure's intended purpose, and, if | 58 |
applicable, appraises the tax expenditure's effectiveness using | 59 |
the methods prescribed in the act creating the tax expenditure. | 60 |
(D) After the public hearing on a tax expenditure, the | 61 |
committee shall appraise the tax expenditure. In making its | 62 |
appraisal, the committee shall consider the reports submitted | 63 |
under divisions (B) and (C) of this section and knowledge gleaned | 64 |
from the hearing, but is not limited to those sources. Upon the | 65 |
committee's request, the department of taxation, the office of | 66 |
budget and management, and any other state agency shall provide | 67 |
the committee with any information in its possession that the | 68 |
committee requires to appraise the tax expenditure. The | 69 |
legislative service commission shall provide drafting and clerical | 70 |
support to the committee. | 71 |
In an appendix to its report, the committee may include a | 92 |
draft of a bill that would improve the tax expenditure's | 93 |
effectiveness in serving its purpose; redefine the tax | 94 |
expenditure's purpose to serve or better serve a public need; | 95 |
retain or improve the statutes that enhance, or amend or repeal | 96 |
statutes that impede, the tax expenditure's effectiveness in | 97 |
serving its purpose; improve the tax expenditure's effectiveness | 98 |
in promoting economic growth and development; reduce the amount of | 99 |
revenue lost as a result of the tax expenditure; or repeal the tax | 100 |
expenditure. | 101 |
Sec. 5703.954. There is hereby created the tax expenditure | 118 |
review committee composed of seven members. The president of the | 119 |
senate, within fifteen days after the first day of the first | 120 |
regular session of the general assembly, shall appoint two members | 121 |
of the senate to the committee, one from each political party. The | 122 |
speaker of the house of representatives, within fifteen days after | 123 |
the first day of the first regular session of the general | 124 |
assembly, shall appoint two members of the house of | 125 |
representatives to the committee, one from each political party. | 126 |
The governor, within fifteen days after the first day of the first | 127 |
regular session of the general assembly and with the advice and | 128 |
consent of the senate, shall appoint one member to the committee. | 129 |
The tax commissioner and the director of budget and management or | 130 |
their designees shall be ex officio, nonvoting members. | 131 |
A legislative member of the committee shall continue as a | 132 |
member until the member's successor is appointed or until the | 133 |
member ceases to be a member of the senate or house of | 134 |
representatives, whichever is earlier. The member appointed by the | 135 |
governor shall continue to be a member for a term ending on the | 136 |
thirty-first day of December of each even-numbered year. The | 137 |
member appointed by the governor continues to be a member after | 138 |
the expiration of the member's term until the member's successor | 139 |
is appointed, or until thirty days have elapsed, whichever occurs | 140 |
first. | 141 |
In the first regular session of the general assembly, the | 142 |
committee shall elect one of the members appointed from the house | 143 |
of representatives as chairperson of the committee and one of the | 144 |
members appointed from the senate as vice-chairperson of the | 145 |
committee. In the second regular session of the general assembly, | 146 |
the committee shall elect one of the members appointed from the | 147 |
senate as chairperson of the committee and one of the members | 148 |
appointed from the house of representatives as vice-chairperson of | 149 |
the committee. | 150 |
Section 2. The Tax Commissioner shall prepare a list of the | 166 |
tax expenditures, as defined in section 5703.95 of the Revised | 167 |
Code, as enacted by this act, in existence on April 15, 2012, and | 168 |
shall provide a copy of the list to the chairperson of the Tax | 169 |
Expenditure Review Committee created by section 5703.954 of the | 170 |
Revised Code, as enacted by this act. The Committee thereupon | 171 |
shall prepare a schedule under section 5703.95 of the Revised | 172 |
Code, as enacted by this act, for appraising one-half of the | 173 |
listed tax expenditures so that the appraisal and the report | 174 |
required for those tax expenditures under section 5703.952 of the | 175 |
Revised Code, as enacted by this act, will be completed not later | 176 |
than November 1, 2012. The schedule shall provide for the | 177 |
appraisal of the remaining tax expenditures during the 2013 | 178 |
calendar year, in accordance with section 5703.95 of the Revised | 179 |
Code, as enacted by this act. | 180 |
Section 3. (A) Not later than thirty days after the effective | 181 |
date of this act, the Governor, with the advice and consent of the | 182 |
Senate, shall make the Governor's initial appointment to the Tax | 183 |
Expenditure Review Committee under section 5703.954 of the Revised | 184 |
Code, as enacted by this act. The member thus appointed shall be a | 185 |
member for a term ending on December 31, 2012. Thereafter, the | 186 |
gubernatorial appointment and term shall be as prescribed in that | 187 |
section. | 188 |