HB 1005-3_ Filed 01/15/2004, 09:41 Pierce


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that House Bill 1005 be amended to read as follows:

SOURCE: Page 6, line 3; (04)MO100506.6. -->     Page 6, delete lines 3 through 42 and begin a new paragraph and insert:
SOURCE: ; (04)MO100506.8. -->     "SECTION 8. [EFFECTIVE UPON PASSAGE] (a) The commission on tax policy in the new economy is established.
    (b) The commission shall function as an advisory body to the general assembly. In that capacity, the commission shall complete a comprehensive review and analysis of Indiana's state and local tax structure. The commission shall evaluate the tax system using the following criteria and address these questions:
        (1) Growth performance and elasticity: Is our tax system designed to grow along with the economy of this state?
        (2) Reliability and volatility: Are the revenues raised relatively stable over time or are they excessively volatile and difficult to predict?
        (3) Distributional effects and fairness: How are the taxes distributed over various types of taxpayers? Does the system treat similarly situated individuals similarly? Does the system account for individuals' different capacities to bear the burden of taxation?
        (4) Transparency and administrative simplicity: Are the taxes easy and economical to collect and administer? To what extent does the system result in taxpayers being accountable for paying their taxes and tax agencies accountable for

enforcing the laws?
        (5) Federal interaction: To what extent are state and local taxes deductible for federal purposes?
        (6) Economic climate: What effects do the taxes have on our business climate and overall economic activity? To what extent does the system promote economic growth?
        (7) Provision of adequate revenues: Does the tax system result in sufficient, stable, and certainty of revenues?
    (c) The commission consists of the following members:
        (1) Three (3) individuals appointed by the speaker of the house of representatives as follows:
            (A) One (1) member who is a professor in the School of Public and Environmental Affairs at Indiana University.
            (B) One (1) member who is a professor of agricultural economics at Purdue University.
            (C) One (1) member who holds a graduate degree in economics and is employed in the private sector.
        (2) An individual who is a former deputy state budget director and is appointed by the minority leader of the house of representatives.
        (3) Three (3) individuals appointed by the president pro tempore of the senate as follows:
            (A) One (1) member who is a professor of business economics at Indiana University.
            (B) One (1) member who is a professor of economics at Ball State University.
            (C) One (1) member who is a professor of agricultural economics at Purdue University.
        (4) An individual who holds a graduate degree in economics and is employed in the private sector and is appointed by the minority leader of the senate.
        (5) An individual who holds a graduate degree in economics and is appointed by the governor.
    (d) Except as provided in this SECTION, the commission shall operate under the legislative council's rules governing study committees.
    (e) Members of the commission serve at the pleasure of the person who appointed them.
    (f) The chairman of the commission shall be appointed by the governor.
    (g) Commission members are entitled to the same per diem and travel allowance as authorized by the legislative council for legislative study committees.


    (h) The commission shall meet as often as is necessary to properly perform its duties.
    (i) The commission shall issue a final report by November 1, 2004.
    (j) The legislative services agency shall provide such legislative drafting, clerical, fiscal research, and administrative personnel and other assistance as is necessary to enable the commission to properly perform its duties.
    (k) Subject to the authorization of the legislative council, the expenses incurred by the commission in performing its duties shall be paid from the funds appropriated to the legislative council.
    (l) This SECTION expires January 1, 2005.
".
SOURCE: Page 7, line 1; (04)MO100506.7. -->     Page 7, delete lines 1 through 9.
    (Reference is to HB 1005 as printed January 13, 2004.)

________________________________________

Representative Pierce


MO100506/DI 47     2004