§23-74 Review for 2021 and every tenth year thereafter. (a) The exemptions and exclusions under the general excise tax, public service company tax, or insurance premium tax listed in subsection (c) shall be reviewed in 2021 and every tenth year thereafter.

(b) The auditor shall submit the findings and recommendations of the reviews to the legislature and governor no later than twenty days prior to the convening of the immediately following regular session.

(c) This section shall apply to the following:

(1) Section 239-2, paragraph (5) of the definition of "gross income"--Gross income of home service providers of mobile telecommunications services;

(2) Section 239-2, exclusions under the definition of "gross income"--Dividends paid by one member to another member of an affiliated public service company group or gross income from the sale or transfer of materials and supplies, interest on loans, and provision of services among members of an affiliated public service company group;

(3) Section 237-3(b)--Gross receipts from the sale or transfer of materials and supplies, interest on loans, and provision of services among members of an affiliated public service company group;

(4) Section 239-5.5--Gross income of utilities from monthly surcharges;

(5) Section 239-6.5--Tax credit for lifeline telephone service subsidies;

(6) Section 269-172--Green infrastructure charges received by electric utilities;

(7) Section 237-29.7--Gross income or gross proceeds received by insurance companies;

(8) Section 431:7-207--Tax credit to facilitate regulatory oversight;

(9) Section 432:1-403--Exemption for nonprofit medical indemnity or hospital service associations or societies specifically from the general excise tax, public service company tax, or insurance premium tax; and

(10) Section 432:2-503--Exemption for fraternal benefit societies specifically from the general excise tax, public service company tax, or insurance premium tax. [L 2016, c 261, pt of §2; am L 2017, c 177, §6 and c 205, §3]