House Bill 698 Summary

• Reduces State Tax Commission appropriation by $1,761,400 for fiscal year 2010 (July 1, 2009 - June 30, 2010) across General Services, Audit and Collections, Revenue Operations, and County Support programs.

• Appropriates an additional $800,000 to the State Tax Commission for fiscal year 2010 to partially offset the reduction.

• Appropriates $32,582,700 to the State Tax Commission for fiscal year 2011 (July 1, 2010 - June 30, 2011) from multiple funding sources including the General Fund, Multistate Tax Compact Fund, and other dedicated funds.

• Limits State Tax Commission to no more than 404.5 full-time equivalent positions during fiscal year 2011, with Governor authorization required for increases and Joint Finance-Appropriations Committee notification required.

• Reduces ProVal tax software maintenance contract funding by $50,000 pending State Tax Commission resolution of perceived unfair competition between vendors providing property tax administration services; requires quarterly reporting to Governor and legislature on tax compliance costs and collections.