The amendment proposed in SB0943 is not expected to have a substantial impact on state laws or tax policy, as it involves a technical change rather than a policy overhaul. Thus, it is likely to maintain the current regulatory framework concerning franchise taxes and license fees as laid out in the original act. However, ensuring clarity in legislative documents can aid in better adherence to tax regulations by businesses, which is ultimately beneficial for state revenue.
Summary
SB0943, introduced by Senator John F. Curran, is a technical amendment to the Franchise Tax and License Fee Amnesty Act of 2007. The bill primarily aims to make a minor adjustment in the wording of the short title of the existing act. Although the bill does not introduce significant changes to the content or purpose of the act, it serves to clarify the references within the legislative text. The act was established in 2007 to facilitate tax and license fee compliance through amnesty programs for businesses.
Contention
Since SB0943 only proposes a technical amendment, there are no notable points of contention surrounding the bill. It is largely a procedural update that is unlikely to face opposition during discussions or proceedings. However, discussions surrounding the original Franchise Tax and License Fee Amnesty Act have historically included debates on its effectiveness and the need for such amnesty programs, particularly regarding how they impact compliance amongst different business segments.