TAX/STATE: Authorizes the House Committee on Ways and Means, or a subcommittee thereof, to study the state's tax structure and develop recommendations for tax system reforms (EN NO IMPACT See Note)

This bill directs the House Committee on Ways and Means to study the state's current tax system and propose reforms. It specifically instructs the committee to analyze the balance between tax revenue collected and tax exemptions granted, noting that a significant portion of potential revenue is currently foregone. The legislation requires the committee to evaluate how tax breaks impact the overall fiscal structure and to develop recommendations for adjusting the system. Ultimately, the bill aims to provide data-driven insights into tax policy rather than implementing immediate changes itself.