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





SPONSOR: Russell DATE TYPED: 2-10-99 HB 349/aHJC
SHORT TITLE: Amend Tax Administration Provisions SB
ANALYST: Taylor


REVENUE



Estimated Revenue
Subsequent

Years Impact

Recurring

or Non-Rec

Fund

Affected

FY99 FY2000
N.A. $ 500.0 $ 500.0 Recurring General Fund

(Parenthesis ( ) Indicate Revenue Decreases)



Duplicates/Conflicts with/Companion to/Relates to



SOURCES OF INFORMATION



Taxation and Revenue Department



SUMMARY



Synopsis of HJC Amendment



The HJC amendments do two things. First, they reduce the threshold that an optional refund check-off provision must meet before being repealed. The new proposed threshold is $5 thousand per year for three consecutive years. The original proposal was $10 thousand per year for three consecutive years. Second, the amendments change the effective dates for sections 2, 3, 4, 6 and 7 from the 1998 and subsequent taxable years to the 1999 and subsequent taxable years.



The Taxation and Revenue Department analysis indicates that the amendments do not change the fiscal impact of the bill.



Synopsis of Bill



House Bill 349 would amend the following provisions in various tax acts: