H0230B0385A00307 LKK:JMT 02/05/21 #90 A00307
AMENDMENTS TO HOUSE BILL NO. 230
Sponsor: REPRESENTATIVE BRADFORD
Printer's No. 385
Amend Bill, page 2, line 4, by striking out "(1)"
Amend Bill, page 2, line 4, by inserting a bracket before
"The"
Amend Bill, page 2, line 8, by striking out the bracket
before "$10,000,000"
Amend Bill, page 2, lines 8 and 9, by striking out "]
$25,000,000 $50,000,000 "
Amend Bill, page 2, line 15, by inserting a bracket after
"(a.1)."
Amend Bill, page 2, lines 16 through 30; page 3, line 1; by
striking out all of said lines on said pages and inserting
(1) The office shall prepare a revenue estimate of any
change in law affecting revenues and receipts, including
increases in regulatory fees, proposed or considered as part
of the annual state budget that could have a fiscal impact in
excess of $50,000,000. If in the judgment of the office, the
fiscal impact of the proposal is of sufficient size and scope
to warrant an analysis and sufficient data, peer-reviewed
research and evidence exists to support any assumptions of
behavioral effects, the estimate may include the effects of
potential behavioral responses of taxpayers, businesses and
other persons to the proposed changes. If the estimate
assumes any behavioral effects, the estimate shall include a
statement identifying those assumptions. The information may
be used to revise the revenue estimate under subsection
(a.1).
(2) The office shall prepare, if requested by an officer
listed in section 615-B(a), a revenue estimate of any change
in law affecting revenues and receipts, including increases
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in regulatory fees, that may be expected to carry a fiscal
impact in excess of $50,000,000 in any fiscal year, proposed
or considered as part of a bill or amendment in either house
of the General Assembly. If in the judgment of the office,
the fiscal impact of the proposal is of sufficient size and
scope to warrant such an analysis and sufficient data, peer-
reviewed research and evidence exists to support any
assumptions of behavioral or macroeconomic effects, the
estimate may include the effects of potential behavioral
responses of taxpayers, businesses and other persons or any
potential dynamic or macroeconomic impacts in response to the
proposed changes. If the estimate assumes any behavioral,
dynamic or macroeconomic effects, the estimate shall include
a statement identifying those assumptions. The information
may be used to revise the revenue estimate under subsection
(a.1).
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