Tax Expenditures
In the Media: State Senator Hannah-Beth Jackson ’71 Advocates for Bill to Examine Tax Breaks, Los Angeles Times Reports
The Los Angeles Times reported that California State Senator Hannah-Beth Jackson ’71 is sponsoring a bill, SB 956, to assess tax expenditures—commonly known as “loopholes”—that are costly to the state treasury. If passed, the bill would authorize an economic research team to examine tax credits, exemptions, and exclusions to determine whether the expenditures are beneficial to the state.
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