Title
A RESOLUTION CONCERNING TAX CREDIT REFORM COMMISSION for the purpose of establishing the Tax Credit Reform Commission to address the effectiveness, utilization and efficacy of tax credits imposed in the County.
Background
On January 25, 2018, the Council's Public Safety and Fiscal Management Committee held a briefing on County Tax Credits and a policy discussion on next steps. As a result of the discussion, there was a need for a workgroup to take a more in depth analysis on both existing and proposed tax credits. The proposed legislation establishes a Tax Credit Reform Commission to review and analyze all the existing and proposed tax credits in the County to determin the tax credit's effectiveness, utilization, and efficacy in the County, and to recommend reform of the tax credit policy.