House Bill No. 5512, reported by the Committee on Finance, Revenue and Bonding, proposes a study of the Department of Revenue Services' collections processes. The bill mandates that the Commissioner of Revenue Services conduct a study to identify potential legislative and programmatic changes aimed at improving the efficiency and reducing the administrative costs associated with state revenue collections. The Commissioner is required to submit a report detailing findings and recommendations to the joint standing committee of the General Assembly with jurisdiction over finance, revenue, and bonding matters by January 1, 2025. The bill, designated as File No. 545, includes a new section that becomes effective upon passage. The fiscal impact statement attached to the bill indicates that there will be no fiscal impact on the state or municipalities as a result of this bill. The Department of Revenue Services is expected to have the necessary expertise to conduct the study without the need for additional resources. The bill has received a joint favorable vote from the Finance, Revenue and Bonding Committee with a majority of 50 yeas to 1 nay on April 2, 2024.