The bill does not propose any substantial changes to the actual tax structure or the financial obligations of water companies in the state. Its influence on state laws will primarily revolve around improving the clarity and consistency of the legal language within the Water Company Invested Capital Tax Act. By addressing technical aspects, the bill ensures that the law remains effective and understandable for those it regulates.
Summary
HB0618, introduced by Rep. Emanuel Chris Welch, is a revenue-related bill that amends the Water Company Invested Capital Tax Act. The primary intent of this bill is to make a technical change in the short title of the Act. This change appears to be largely administrative, likely aimed at simplifying or clarifying the legislative text without altering any underlying policy or tax obligations.
Contention
While the changes proposed in HB0618 are not expected to generate significant debate, there may be minor discussions on the importance of maintaining clear legislative language and ensuring that statutory provisions are easily navigable. Some stakeholders may argue that even small amendments to tax laws can have unintended consequences, whereas others may emphasize the necessity of such technical corrections for maintaining legislative integrity.