TAX/TAXATION: Authorizes an income tax credit for eligible state employees that identify cost savings in state agencies. (gov sig) (EG SEE FISC NOTE GF EX See Note)

SB 33 establishes the Government Accountability and Innovation for Net Savings (GAINS) tax credit program, which authorizes an individual income tax credit for eligible state employees. This credit is awarded to employees who identify and propose cost-saving measures that are approved and implemented by state agencies. If a proposal leads to certified state savings, the employee can receive a tax credit equal to 30% of those annual savings, distributed over three tax years. The total amount of GAINS tax credits certified in any fiscal year is capped at $10 million.