Tax expenditure report FY 2018-19 to FY 2020-21

Abstract

This report itemizes the estimated loss of General Fund revenue from a special exclusion, exemption, or deduction from gross income, which provides a special credit, preferential rate of tax, or deferral of tax liability, or distributes state funds pursuant to an incentive program or fund. It provides an estimate of the amount by which state revenue is reduced due to the tax expenditure.