ADMINISTRATIVE RULES FISCAL ESTIMATE AND ECONOMIC IMPACT ANALYSIS |
Type of Estimate and Analysis |
☑ Original ☐ Updated ☐Corrected |
Administrative Rule Chapter, Title and Number |
Chapter Tax 13 – Investment and Local Impact Board |
Subject |
Various changes to Chapter Tax 13 |
Fund Sources Affected | Chapter 20 , Stats. Appropriations Affected |
☐ GPR ☐ FED ☐ PRO ☐ PRS ☐SEG SEG-S |
Fiscal Effect of Implementing the Rule |
☑ No Fiscal Effect ☐ Indeterminate | ☐ Increase Existing Revenues ☐ Decrease Existing Revenues | ☐ Increase Costs ☐ Could Absorb Within Agency’s Budget ☐ Decrease Costs |
The Rule Will Impact the Following (Check All That Apply) |
☐ State’s Economy ☐ Local Government Units | ☐ Specific Businesses/Sectors ☐ Public Utility Rate Payers |
Would Implementation and Compliance Costs Be Greater Than $20 million? ☐ Yes ☑ No |
Policy Problem Addressed by the Rule |
The rule does not create or revise policy, other than to reflect current law and department policy. |
Summary of Rule’s Economic and Fiscal Impact on Specific Businesses, Business Sectors, Public Utility Rate Payers, Local Governmental Units and the State’s Economy as a Whole (Include Implementation and Compliance Costs Expected to be Incurred) |
The proposed rule modifies Chapter Tax 13 of the administrative code to reflect statutory changes, eliminate repetitive rules, eliminate rules lacking authority, and correct an error in the current rule provisions. The proposed rule has no fiscal effect. No comments concerning the economic effect of the rule were submitted in response to the department's solicitation. |
Benefits of Implementing the Rule and Alternative(s) to Implementing the Rule |
Clarifications and guidance provided by administrative rules may lower the compliance costs for businesses, local governmental units, and individuals. If the rule is not implemented, Chapter Tax 13 will be incomplete in that it will not reflect current law or department policy. |
Long Range Implications of Implementing the Rule |
No long-range implications are anticipated. |
Compare With Approaches Being Used by Federal Government |
N/A |
Compare With Approaches Being Used by Neighboring States (Illinois, Iowa, Michigan and Minnesota) |
N/A |
FISCAL ESTIMATE FORM | 2015 Session |
☑ ORIGINAL ☐ UPDATED | LRB # |
INTRODUCTION # |
☐ CORRECTED ☐ SUPPLEMENTAL | Admin rule # | SS 065-14 |
Subject Proposed order of the Department of Revenue relating to Investment and Local Impact Board administration. |
Fiscal Effect |
State: ☑ No State Fiscal Effect Check columns below only if bill makes a direct appropriation or affects a sum sufficient appropriation ☐ Increase Existing Appropriation ☐ Increase Existing Revenues ☐ Decrease Existing Appropriation ☐ Decrease Existing Revenues ☐ Create New Appropriation | ☐ Increase Costs - May be Possible to Absorb Within Agency's Budget ☐ Yes ☐ No ☐ Decrease Costs |
Local: ☑ No Local Government Costs |
1. ☐ Increase Costs | 3. ☐ Increase Revenues | 5. Types of Local Governmental Units Affected: |
☐ Permissive ☐ Mandatory | ☐ Permissive ☐ Mandatory | ☐ Towns ☐ Villages ☐ Cities |
2. ☐ Decrease Costs | 4. ☐ Decrease Revenues | ☐ Counties ☐ Others |
☐ Permissive ☐ Mandatory | ☐ Permissive ☐ Mandatory | ☐ School Districts ☐ WTCS Districts |
Fund Sources Affected ☐ GPR ☐ FED ☐ PRO ☐ PRS ☐ SEG ☐ SEG-S | Affected Ch. 20 Appropriations |
FISCAL ESTIMATE WORKSHEET | Detailed Estimate of Annual Fiscal Effect 2015 Session |
☑ ORIGINAL ☐ UPDATED ☐ CORRECTED ☐ SUPPLEMENTAL | LRB # | Admin. Rule # SS 065-14 |
INTRODUCTION # |
Subject Proposed order of the Department of Revenue relating Investment and Local Impact Board administration. |
I. I. One-Time Costs or Revenue Impacts for State and/or Local Government (do not include in annualized fiscal effect): |
A. A. State Costs by Category State Operations - Salaries and Fringe | Increased Costs $ $ | Decreased Costs $ $ - |
(FTE Position Changes) | ( ) | - |
State Operations-Other Costs | - - |
Local Assistance | - - |
Aids to Individuals or Organizations | - - |
TOTAL State Costs by Category | $ $ | $ $ |
B. B. State Costs by Source of Funds GPR | In Increased Costs $ $ | Decreased Costs $ $ |
FED | - - |
PRO/PRS | - - |
SEG/SEG-S | $ | - - |
III. State Revenues - Complete this only when proposal will increase or decrease state revenues (e.g., tax increase, decrease in license fee, etc.) | In Increased Rev. | D Decreased Rev. |
GPR Taxes | $ $ | $ $ - |
GPR Earned | - - |
FED | - - |
PRO/PRS | - - |
SEG/SEG-S | - - |
TOTAL State Revenues | $ $ | $ $ |
NET ANNUALIZED FISCAL IMPACT |
STATE | LOCAL |
NET CHANGE IN COSTS | $ | $ |
NET CHANGE IN REVENUES age 2 1/24/2020 | $ | $ |
Agency/Prepared by Wisconsin Department of Revenue | Authorized Signature/Telephone No. Wisconsin Department of Revenue | Date |
Craig Steinfeldt | Bob Schmidt | 9/29/2016 |
608 266-5705 | 608 266-5773 |
