Reviewing Tax Breaks

moneymorguefileA panel of state lawmakers has begun a serious review of Virginia’s tax credits, exemptions, deductions, and similar “preferences.”
The evaluation comes after the Joint Audit and Legislative Review Commission found that the tax breaks did not always perform as intended, were often inefficient, and cost the state billions of dollars in revenues.
But as Virginia Public Radio’s Anne Marie Morgan reports, the members of the Joint Subcommittee to Evaluate Tax Preferences say that overhauling the tax code will not be easy.

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