Budget Amendment ID: FY2017-S4-67-R1

Redraft OTH 67

Taxpayer Protection In Tax Expeditures

Messrs. Montigny, Joyce and Ross moved that the proposed new text be amended <w:p><w:r><w:t xml:space="preserve">in section 5, in lines 32 to 33, inclusive, by striking out the words “and (v)” and inserting in place thereof the following words:-

“(v) analyze clawback provisions, including a review of clawback provisions in other jurisdictions, the general economic impact on taxpayers and the amount of money that may be subject to clawback for failure to fulfill the stated goals, benchmarks or conditions of a tax expenditure, and make recommendations for effective clawback provisions for current and future tax expenditures; and (vi)”.