Fiscal impact statements; Department of Planning and Budget to prepare.

Fiscal impact statements. Requires the Departmentof Planning and Budget (the Department) or an agency designatedby the Department to prepare a fiscal impact statement for any bill and any amended version of a bill, except the Budget Bill and debtbills, that increases or decreases the total revenue available forappropriation or that establishes a new state program or initiative requiring an appropriation. The fiscal impact statement would includeanalysis of (i) the fiscal impact estimates, (ii) the impact onany state entity affected by the revenue increase or decrease orcharged with administering the new program or initiative, (iii) thepotential costs to citizens in terms of increased taxes, and (iv)any other information the Department or its designee deems appropriate.The bill also provides for each fiscal impact statement to be reviewedby the appropriate staff of the Senate Committee on Finance and Appropriationsand the House Committee on Appropriations prior to being heard bythe standing committee to consider the legislation.