Relating to regulation of certain business entities; prescribing an effective date.

Imposes public safety assessment on covered entities. Defines "covered entity." Establishes Public Safety Assessment Fund. Requires certain covered entities to submit copy of return or form that covered entity must submit to obtain exemption from federal taxation if covered entity pays officer or employee more than $240,000. Applies to calendar years beginning on or after January 1, 2021. Takes effect on 91st day following adjournment sine die.