Taxation: tax expenditures: information.

Existing law imposes various taxes and allows specified credits, deductions, exclusions, and exemptions in computing those taxes. Existing law also requires any bill, introduced on or after January 1, 2020, that would authorize a new tax expenditure, as defined, to contain, among other provisions, specified goals, purposes, and objectives that the tax expenditure will achieve and detailed performance indicators, including data collection requirements, to measure whether the tax expenditure is meeting those goals, purposes, and objectives. This bill would exempt a bill that would authorize a new tax expenditure that is a gross income exclusion from the requirement to include detailed performance indicators and data collection requirements to measure whether the tax expenditure is meeting the goals, purposes, and objectives of that tax expenditure, if the Legislature determines there is no available data to collect and report.