Blue Ribbon Tax Structure Commission

Friday, August 14, 2009

1:00 PM

Introduction and Charge

• Representative Shap Smith, Speaker of the House

1:15 PM

Elect Chair and Vice Chair

Per Sec. H.56(b)

1:30 PM

Appointment of Additional Members

Per Sec.H.56(a)(2)

1:40 PM

Changes in Personal Income Over the Last Five Years

Per Sec H.56(d)(1)

• Susan Mesner, Economist, Department of Taxes

After

(2) House Site and Homestead Value

• Susan Mesner, Economist, Department of Taxes

After

(3) Gross and Net School Taxes Paid

• Susan Mesner, Economist, Department of Taxes

3:00 PM

Taxable Income Versus Adjusted Gross Income

• Susan Mesner, Economist, Department of Taxes

3:15 PM

Adjusted Gross Income (AGI) Concept

Per Sec H.56(f)(I)
1. Other States' Starting Points
2. Advantages, Disadvantages
3. List of Decisions between Taxable Income and Adjusted Gross Income

• Susan Mesner, Economist, Department of Taxes
• Sara Teachout, Fiscal Analyst, Joint Fiscal Office
• Daniel Paradis, Legislative Counsel, Office of Legislative Council

3:45 PM

Schedule Next Meetings