René O. Oliveira, Chair
Brian McCall, Vice Chair
Tracy O. King
|• Study the economic impact of Internet commerce on state and local tax revenues. Monitor the activities and recommendations of the federal Advisory Commission on Electronic Commerce.|
|• Identify and list the specific changes to the tax structure that would: (1) produce the most positive effect on gross state product; (2) produce the most positive effect on the creation and retention of jobs that pay a living wage; (3) most benefit troubled or declining industries, such as agriculture or oil production; (4) promote enhanced tax equity, including mitigation of the regressivity of the current tax structure; and (5) address loopholes that permit certain classes of taxpayers to avoid equitable taxation. Each list should be a separate list, and any tax changes recommended should take into account the revenue needs of the state.|
|• Review the tax exemptions and credits approved by the 76th Legislature, including SB 441, 76th Legislature, Regular Session, and the emergency severance tax measures, and evaluate their success in achieving legislative goals.|
|• Conduct active oversight of the agencies under the committee's jurisdiction.|
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