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This document provides a detailed analysis of the fiscal impact of proposed legislation concerning property tax deductions for blind and disabled persons, including estimates of revenue and expenditure

How to fill out fiscal impact statement for

How to fill out Fiscal Impact Statement for HB 1317

1. Begin by gathering all relevant data pertaining to HB 1317.
2. Identify the projected revenue effects, including potential increases or decreases in income.
3. Evaluate the estimated costs associated with the implementation of HB 1317.
4. Consider any indirect economic effects that may arise from the bill's implementation.
5. Document findings clearly, providing numerical estimates and explanations for each data point.
6. Review and ensure compliance with any legal or procedural requirements for fiscal statements.
7. Submit the completed Fiscal Impact Statement to the appropriate legislative committee.

Who needs Fiscal Impact Statement for HB 1317?

1. State legislators seeking to understand the financial implications of HB 1317.
2. Budget committees responsible for evaluating state funding and resource allocation.
3. Government agencies impacted by the enactment of HB 1317.
4. Members of the public interested in fiscal accountability and transparency.

People Also Ask about

What is the fiscal impact of a bill?

A fiscal impact statement is an analysis of the aspects of the bill affecting government finances and the estimated change in revenues and expenditures that will occur if the bill becomes law.

What is a fiscal impact statement?

A fiscal impact statement is a projection, prepared by a state official or a government agency, that evaluates how the adoption of a ballot measure would influence state finances. Eighteen of the 26 states that provide for initiative or referendum require some kind of fiscal analysis.

What is the purpose of a fiscal note?

A fiscal note is a written estimate of the costs, savings, revenue gain, or revenue loss that may result from implementation of a bill or joint resolution. It serves as a tool to help legislators better understand how a bill might impact the state budget, individual agencies, and in some instances, local governments.

What is an example of a fiscal impact analysis?

For example, if one were analyzing a proposal to build a new baseball stadium, the new tax revenue from the building and property – as well as the costs for providing additional public security and emergency services (police, fire, ambulance, etc.) – would factor into the analysis.

What is the fiscal impact statement?

A fiscal impact statement is an analysis of the aspects of the bill affecting government finances and the estimated change in revenues and expenditures that will occur if the bill becomes law.

For pdfFiller’s FAQs

What is Fiscal Impact Statement for HB 1317?

The Fiscal Impact Statement for HB 1317 is a document that assesses the financial implications of the proposed legislation on the state's budget, revenues, and expenditures.

Who is required to file Fiscal Impact Statement for HB 1317?

Typically, the author or sponsor of HB 1317, along with any relevant state agencies or budget offices, are required to file the Fiscal Impact Statement.

How to fill out Fiscal Impact Statement for HB 1317?

To fill out the Fiscal Impact Statement for HB 1317, one must provide detailed analyses of the expected financial outcomes, including costs and savings, and any potential impacts on state revenue.

What is the purpose of Fiscal Impact Statement for HB 1317?

The purpose of the Fiscal Impact Statement for HB 1317 is to inform lawmakers and stakeholders about the potential financial consequences of the bill, enabling informed decision-making.

What information must be reported on Fiscal Impact Statement for HB 1317?

The information reported should include projected costs, anticipated savings, impact on revenues, any mandated expenditures, and a summary of assumptions made in the analysis.