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





SPONSOR: HTRC DATE TYPED: 03/12/01 HB 994
SHORT TITLE: Public Peace, Health, Safety and Welfare SB
ANALYST: Eaton


REVENUE



Estimated Revenue
Subsequent

Years Impact

Recurring

or Non-Rec

Fund

Affected

FY01 FY02
$ (1,500.0) $ (1,700.0) Recurring General Fund
$ (1,200.0) $ (1,400.0) Recurring Local Govt.



(Parenthesis ( ) Indicate Revenue Decreases)



SOURCES OF INFORMATION



Taxation and Revenue Department (TRD)

SUMMARY



Synopsis of Bill



This bill extends 1998's Medicare B gross receipts tax deduction to podiatrists. This effectively extends the deduction to all health practitioners with few exceptions.

FISCAL IMPLICATIONS



The Taxation and Revenue Department (TRD) report that the estimated full year impact if this bill would reduce general fund revenue by $1.7 million and local government revenue by $1.4 million.



ADMINISTRATIVE IMPLICATIONS



Minimal.



TECHNICAL ISSUES



The Taxation and Revenue Department (TRD) indicate that the bill needs a July 1, 2001 effective date.



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