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| SPONSOR: | Rawson | DATE TYPED: | 2/25/99 | HB | |||
| SHORT TITLE: | Lower Workers' Comp Administrative Fee | SB | 591 | ||||
| ANALYST: | Esquibel | ||||||
| Subsequent
Years Impact |
Recurring
or Non-Rec |
Fund
Affected | ||
| FY99 | FY2000 | |||
| $ (1,140.0) | $ (1,140.0) | Recurring | Workers' Comp Admin Fund | |
(Parenthesis ( ) Indicate Revenue Decreases)
Duplicates/Conflicts with/Companion to/Relates to
SOURCES OF INFORMATION
Workers' Compensation Administration (WCA)
Public Regulation Commission (PRC)
Department of Labor (DOL)
SUMMARY
Synopsis of Bill
The bill proposes to reduce the employees' quarterly assessment for workers' compensation from $2.00 to $1.50. The employers' assessment for workers' compensation would remain the same at $2.00.
Significant Issues
The WCA indicates the bill could result in costly software programming changes for employers requiring expensive and time-consuming reconciliation and refund difficulties for the Taxation and Revenue Department.
FISCAL IMPLICATIONS
The WCA estimates the reduction in the employees' assessment would result in a revenue reduction of approximately $1,140.0 in the workers' compensation administration fund.
The WCA indicates enactment of this bill and the ensuing revenue reduction would leave their FY2000 budget in deficit by approximately $755.0.
CONFLICT/DUPLICATION/COMPANIONSHIP/RELATIONSHIP
The WCA indicates SB591conflicts with Laws of 1993 and 1994, Chapter 367, Section 73, which provide the "Legislature shall not repeal, amend or otherwise modify any law that affects or impairs any revenue from the workers' compensation assessments assessed pursuant to Section 52-5-19."
RAE/gm