Relating to applicability periods for tax expenditures; prescribing an effective date.

Requires legislative review during odd-numbered year regular session of all tax credits scheduled to expire during upcoming even-numbered year or lacking review during two immediately preceding odd-numbered year regular sessions. Directs Legislative Revenue Officer to report to interim committee on all tax credits enacted, amended or repealed during each odd-numbered year regular session. Repeals automatic sunset provisions applicable to tax expenditures. Applies to tax expenditures in effect and applicable on or after effective date of Act. Takes effect on 91st day following adjournment sine die.