The commissioner of economic and community development, in consultation with the commissioner of revenue, shall conduct a review of the credits found in §§ 67-4-2009, 67-4-2109, and 67-6-224. The review shall evaluate the previous four (4) fiscal years and may include an evaluation of the purpose of the credit, foregone revenue to the state as a result of the credit, any benefits provided to the state as a result of the credit, and the estimated indirect economic impact of the tax credit, where applicable. The report shall include a recommendation to modify, discontinue, or take no action with respect to each credit. The departments shall prepare a report of their findings and recommendations and shall deliver such report to the governor, the speakers of both houses, the finance, ways and means committees of both houses, and the office of legislative budget analysis no later than January 15, 2017. The review required by this section shall be conducted by the departments, and the report delivered to the governor, the speakers of both houses, the finance, ways and means committees of both houses, and the office of legislative budget analysis, each four (4) years thereafter.
Structure 2021 Tennessee Code
Chapter 1 - General Provisions
Part 1 - Miscellaneous Provisions
§ 67-1-108. Applicability of Taxability Policy Changes
§ 67-1-110. Taxpayer Bill of Rights
§ 67-1-111. Statewide Uniformity of Harvest or Severance Taxes
§ 67-1-112. Business Tax — Taxes Invoiced to Customers to Be Included in Tax Base
§ 67-1-116. Fees for Processing of Documents and Payments
§ 67-1-118. Review and Report Concerning Credits Found in §§ 67-4-2009, 67-4-2109, and 67-6-224