HB2901 Summary

• Amends insurance fee structures in sections 20-167, 20-423, 20-466, and 20-1098.17 to allow the Director of Insurance to adjust all fees on a uniform percentage basis if revenue collection falls outside 95-110% of appropriated budget.

• Establishes a regulatory assessment on commercial racing permittees of 0.5% of amounts wagered on live and simulcast races in fiscal year 2020-2021, collected from pari-mutuel pools.

• Authorizes the Director of Agriculture to continue, increase, or lower existing fees in fiscal year 2020-2021 with revenue caps of $218,000 to the state general fund, $113,000 to the pesticide trust fund, and $26,000 to the dangerous plants trust fund.

• Allows counties with populations under 250,000 to meet fiscal obligations using revenues from any county source, with a maximum of $1,250,000 redirected from original revenue purposes in fiscal year 2020-2021.

• Sets the total statewide transaction privilege tax fee cap at $20,755,835 for fiscal year 2020-2021, with proportional distribution among counties, cities, towns, councils of governments, and regional transportation authorities.