                                 CODE OF VIRGINIA

POWERS AND DUTIES OF THE JOINT SUBCOMMITTEE; STAFFING; REPORTS (§ 30-338)

The Joint Subcommittee shall have the following powers and duties:

1. Undertake a systematic review of Virginia&#8217;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 Department of Taxation staff conduct
independent evaluations of tax preferences in promoting economic activity,
generating revenue, or otherwise achieving their intended policy purpose and
report the findings to the Joint Subcommittee;

5. Recommend a process and guidelines for establishing expiration dates for tax
preferences; and

6. Submit an annual report to the General Assembly and the Governor of its
recommendations, including which tax preferences should be continued, expanded,
modified, or eliminated.
			The Joint Subcommittee is authorized to establish a technical advisory group
to assist the work of the Joint Subcommittee and Department of Taxation staff by
providing additional guidance and reviewing evaluations conducted by the
Department. The technical advisory group shall include individuals with tax
policy or economic expertise and legislative staff.
			Administrative staff support shall be provided by the Office of the Clerk of
the House of Delegates. Legal, research, policy analysis, and other services
requested by the Joint Subcommittee shall be provided by the Division of
Legislative Services. Technical assistance shall be provided by the staffs of
the House Committee on Appropriations and the Senate Committee on Finance and
Appropriations.
			The chairman shall submit to the General Assembly and the Governor an annual
executive summary of the interim activity and work of the Joint Subcommittee no
later than the first day of each regular session of the General Assembly. The
executive summary shall be submitted as provided in the procedures of the
Division of Legislative Automated Systems for the processing of legislative
documents and reports and shall be posted on the General Assembly&#8217;s
website.

HISTORY: 2012, c. 777.