State fiscal analysis.

Existing law requires the Legislative Analyst and the Department of Finance to provide the Legislature with specified fiscal analyses of matters affecting state finances, including the annual state budget. This bill would require the Legislative Analyst and the department, to the extent that any fiscal estimate of the annual state budget involves a change in state tax law, to estimate, except as specified, the statewide economic impact of the change, using a dynamic economic analysis that includes probable behavioral responses of taxpayers, businesses, and other residents of the state, and the impact of the change on state spending reductions.