NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.



Only the most recent FIR version, excluding attachments, is available on the Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Suite 101 of the State Capitol Building North.





F I S C A L I M P A C T R E P O R T





SPONSOR: Cisneros DATE TYPED: 02/07/00 HB
SHORT TITLE: Comprehensive Review of State Tax Policy SB SJM-35
ANALYST: Williams


REVENUE



Estimated Revenue
Subsequent

Years Impact

Recurring

or Non-Rec

Fund

Affected

FY00 FY01
None

(Parenthesis ( ) Indicate Revenue Decreases)



Duplicates/Conflicts with/Companion to/Relates to HB 282, HJM 30, SJM 25, HJM 16



SOURCES OF INFORMATION



Legislative Finance Committee (LFC) files

Taxation and Revenue Department (TRD)



SUMMARY



Synopsis of Bill



A comprehensive study of the state's tax system could be conducted by Department of Finance and Administration and TRD, with a report and recommendations to the legislature by December 1, 2000.



Significant Issues



FISCAL IMPLICATIONS



None at this time.



ADMINISTRATIVE IMPLICATIONS



TRD indicates a thorough, major study is not likely with existing staff and equipment.



AW/gm