The Joint Subcommittee to Evaluate Tax Preferences (the Joint Subcommittee) is established in the legislative branch of state government. The purpose of the Joint Subcommittee is to oversee the evaluation of Virginia’s tax preferences, including but not limited to tax credits, deductions, subtractions, exemptions, and exclusions. 2012, c. 777.
The Joint Subcommittee shall have a total membership of 14 legislative members that shall consist of eight members of the House of Delegates and six members of the Senate. Members shall be appointed as follows: eight members of the House of Delegates, of which six shall be members of the House Committee on Finance and […]
The Joint Subcommittee shall have the following powers and duties: 1. Undertake a systematic review of Virginia’s tax preferences; 2. Adopt a schedule for reviewing tax preferences based upon program areas to which the preferences relate; 3. Establish procedures and performance measures to evaluate the effectiveness of tax preferences; 4. Request that the Governor direct […]
