This bill requires that, at the request of 3 or more members of a legislative committee, the Revenue Forecasting Committee must prepare an economic impact statement for any legislation before that legislative committee or legislation being prepared by that legislative committee that creates a new workforce program or amends employment, labor or taxation laws. The request must be made by the Legislators within 7 days of the legislation's referral to the legislative committee. The committee must issue the economic impact statement within 21 days of the receipt of the request and not later than the final work session on the legislation. Any amendment introduced that would affect the economic impact statement of the original legislation must also include an economic impact statement. The committee may coordinate with relevant state agencies and departments to gather data, analysis and other information necessary to prepare the economic impact statement.

Statutes affected:
Bill Text LD 1733, HP 1112: 5.1710