HB37 Summary

• Defines "state tax receipts" as any tax, fee, license, or revenue source received by state entities, excluding appropriations from State General Fund and Education Trust Fund, constitutionally dedicated funds, debt service funds, federally designated funds, and Medicaid provider taxes.

• Beginning with fiscal year ending September 30, 2019, state entities receiving designated tax receipts may retain 10 percent of any unexpended balance at year-end exclusively for employee bonuses distributed equally to all employees regardless of job classification.

• Any remaining unexpended balance of state tax receipts must be transferred to the State General Fund.

• Each state entity is responsible for ensuring compliance with the bonus distribution provisions.

• The act becomes effective immediately upon passage and gubernatorial approval.