Delegate Mark Keam Named to Special Legislative Committee to Study Virginia' s Tax Policies
FOR IMMEDIATE RELEASE:
Wednesday, October 3, 2012
Contact: Julia Kim
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RICHMOND, VA — Delegate Mark L. Keam (D-Fairfax) was appointed by the Speaker of the Virginia House of Delegates William J. Howell (R-Stafford) to the Joint Subcommittee to Evaluate Tax Preferences. This new committee, which was created by legislation passed in the 2012 General Assembly, held the first meeting of the year in Richmond on Tuesday, October 2.
"I am honored to have been selected to serve on this special committee which will have a direct impact on the treatment of Virginia taxpayers," said Keam. "As a member of the Finance Committee since I first joined the House of Delegates, I have worked in a bipartisan effort to draft and pass common sense tax proposals that reduce burdens on taxpayers while providing incentives for businesses to help create a stronger economy for Virginia. I hope to continue to work toward these goals on this new Subcommittee."
House Bill 777 was adopted to establish this subcommittee following a 2010 study conducted by the Joint Legislative Audit and Review Commission (JLARC) on the effectiveness of Virginia tax preferences.
The statute requires 14 seasoned legislators with expertise in appropriations, budget and finance matters to conduct a wholesale review of Virginia tax preference policies.
Among the eight House members chosen, Keam is the only Democrat and the only relatively junior (second term) Delegate selected for this special assignment. Other members include committee chairmen and party caucus leaders.
Among other tasks, the joint subcommittee is responsible for:
1. Overseeing the evaluation of the Virginia's tax preferences;
2. Adopting a schedule for reviewing tax preferences based on program areas relevant to those preferences;
3. Establishing criteria for which to evaluate the efficacy of tax preferences and the procedures of such evaluation;
4. Requesting that the Governor require the Department of Taxation to independently evaluate and report back to the joint subcommittee on the effect of each tax preference on the promotion of economic activity, generation of revenue and overall effectiveness of achieving its policy goal;
5. Proposing guidelines and procedures for establishing the sunset of tax preferences; and
6. Submitting an annual report to the General Assembly and Governor on its recommendations on which preferences to continue, expand, modify and eliminate.
Delegate Mark Keam (www.DelegateKeam.org, @MarkKeam) represents Virginia's 35th District, located in Fairfax County. The House District includes Tysons Corner, the Town of Vienna, Dunn Loring and portions of Oakton and Fairfax. Currently serving in his second term, Delegate Keam is a member of the House Education and Finance committees.