BILL ANALYSIS                                                                                                                                                                                                    



                                                                  AB 2641
                                                                  Page  1

          Date of Hearing:   May 12, 2010

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                Felipe Fuentes, Chair

                  AB 2641 (Arambula) - As Amended:  April 27, 2010 

          Policy Committee:                              Revenue and  
          Taxation     Vote:                            6-3

          Urgency:     No                   State Mandated Local Program:  
          No     Reimbursable:              

           SUMMARY  

          This bill requires, beginning January 1, 2014 and every fifth  
          year thereafter, the Legislature to review all tax expenditures  
          to determine whether they have a measurable benefit (defined as  
          meeting the objectives provided in the statute adding that tax  
          expenditure), and take actions with respect to those that do  
          not. Specifically, the bill:

          1)Requires future legislatures to consider whether to eliminate  
            tax expenditures enacted prior to January 1, 2011 and found to  
            be lacking measurable benefits. The bill reducing or  
            eliminating the tax expenditure would contain new tax  
            expenditures of equal value to maintain revenue neutrality.

          2)Requires that all bills passed after January 1, 2011, have  
            five-year sunsets. 
           
           FISCAL IMPACT
           
          1)Unknown but potentially significant costs to state tax  
            entities and legislative staff to research and analyze the  
            measurable benefit of all tax expenditures - potentially  
            averaging more than $500,000 per year (General Fund). 

          2)Potential impact on amount and composition of tax  
            expenditures. Net impact on GF revenues is unknown, and would  
            depend on actions by future legislatures and governors. 

           COMMENTS
           
           1)Background  . Tax expenditures are deductions, credits,  








                                                                  AB 2641
                                                                  Page  2

            exemptions, and income exclusions and other deviations from a  
            basic tax system designed to meet various objectives. Several  
            state agencies are required to issue annual tax expenditures  
            reports, including the LAO, Department of Finance, and the  
            Franchise Tax Board. 

           2)Rationale  .  According to the author's office, the purpose of  
            this bill is to evaluate tax expenditures to and to provide a  
            mechanism to ensure they are providing clear benefit to the  
            state and its taxpayers.

           3)Key Issues  . Given that tax expenditures can be enacted with a  
            majority vote but repealed only with a two-thirds vote, it can  
            be argued that including sunsets in future tax expenditures  
            makes sense. However, as a practical matter, the provisions of  
            this bill guiding future legislative actions on tax  
            expenditures have no force, as courts have held that one  
            legislative body may not restrict the powers of subsequent  
            legislatures, and the act of one legislature may not bind its  
            successors. 

            Also, the in-depth analysis required by this bill, if applied  
            to all tax expenditures, represents a major undertaking,  
            requiring considerable time and effort on the part of several  
            state entities. Given current budget constraints facing the  
            state, it may make sense to prioritize the reviews so that the  
            Legislature can focus on those having relatively significant  
            fiscal impacts. 


           Analysis Prepared by  :    Brad Williams / APPR. / (916) 319-2081