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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	Subsequent Years Impact	Recurring or Non-Rec	Fund Affected
	$ (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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