Revenue & Tax - Senate

The I hope that, and I think this is the way that our leadership operates with the Senator Hester, Senator dismay, of course, uh, been heavily involved in this, that whenever we do something like that, we have a pretty good idea, you know, that that is going to be the direction and the path. Because most of the time it's going to create a revenue reduction, uh, of course, is the way that it would normally operate in here nowadays. that we know that that's going to be that that is going to be a bill that is a priority. You know, of this institution. So, but no, if 5 of you all say hickey, we need to put something on the we want to see this, we want to hear this today. We want to get it rolling out, and that's the way it's going to be done, of course. So Yes, sir. No, I appreciate the question. Any other questions? So if I can have a motion to. Oh, OK. Have a motion to adopt, have a second. All in favor say aye. Any opposed like sign, OK, seeing none, we're we're going to consider that those rules will be in place. OK, uh, just a little housekeeping type stuff at this deal just whenever you leave uh be sure that you leave your any bills during the, during the session, just be sure that you leave everything at your desk and the folder here. Try not to pick them up. I know sometime we get in a hurry. But they help staff if we, if we'll just remember not to do that. Of course, we'll be, it's, it's our intent to always meet in this room, you know, unless there's some extraordinary issue that was to come up, but it's been our standard practice that we'll always meet in here. Of course, as you all know, uh, I, we gotta have 5 in here before we can start the meeting just like today, so we all get to run running around and things like that, but I'll try to give you plenty of notice, you know, that we're going to be here and and possibly hearing, you know, those bills that uh we just discussed that'll be. Be taken up And from that standpoint, I guess what I'd like to do is I do need to introduce our staff right here, Brandon Smith, uh, he's with us as far as Theresa Maxwell. She sits with us too. The attorney that that does our stuff over the bureau that y'all know well, of course, is Joey Leonard, uh, we worked with her and uh uh Mr. Silva over there also helps, so. Uh, that's kind of if you need anything or want to understand something or need to talk to something that would be the, uh, uh, that would be the avenue you'd need to do. Secretary Hudson, I'm going to introduce you if that's OK, Secretary Jim Hudson, I think you all know, with DFNA, and if you would like to, you can introduce your staff, uh, members that way, members will kind of know. who they may need to contact or work with if they have any questions. Yes, sir, unless you want to sit here. Uh, is there make this meeting Super. No, no, thank, thank you, Mr. Gary, Mr. Hudson, and Mr. Collins, we appreciate that and and everybody that works with you all, uh, as far as for myself, and I think I can speak for the majority of this. I personally think you all do a superior job, uh, you kind of got your back against the wall anyway because just the word tax it always puts you in a, in a situation where it's an unsavory term anyway to most people, so I think y'all do an excellent job and you've got a hard job and we appreciate the work that you all do. So we look forward to working with you all during this session. Any other members have any questions? Yes, Senator, dismay. Well, and it's really just to comment on How this these new, you know, impact studies that we're going to do is going to mesh with whatever they do because I'd almost prefer that they don't mesh, and the reason being is, I mean what they're being asked to do is pretty much a snapshot of if this stops now, what happens to the GR, you know, without any, you know, consideration of, you know, economic changes that may come along because of that. It's a very, very different animal. That's a, that should be a true number. At times we've been able to assist from a taxpayer perspective, um, and provide some insight where maybe DFA. Hadn't recognized some taxpayer issues or some taxpayer tendencies or whatever it may be, and I think that's all been fine throughout the last, you know, several years. What we're, what this other entity is going to do is something that is, it's not a science. I mean, it's a and it's not an exact art and it is not always going to be accurate, and we need to acknowledge that as a committee that we may get an impact statement from this entity that is really literally churning it through a computer program. That is not going to be perfect, and we shouldn't anticipate them or want them to, and the moment we asked EFA to agree. To an unknown outcome, then, then we're asking them if they would go ahead and give us their policy, and and that's hopefully not something that we would want from the committee as DFA to be directing policy, and we try to stay away from that. So however that plays out, uh, We need to be very mindful of that during this session, especially since this is the first time that, you know, a tool could be utilized that many times, you know, we've had something similar in the past, um. But we haven't used it every single time we've run a bill, and I'm not sure that we should be running it every time we run a bill or utilizing it every time we run a bill. I But I, I do not want to ask them, do you agree? You know, or can you change yours because this is what this, you know, computer program because that's all that it is, is going to spit out. Yes, sir. Uh, you and I have not even discussed this, and I think that we're actually on the exact same page with that, uh, I could go one step further and say, you know, I believe that the Again, I think it's a great tool, uh, I think it's gonna be a great tool for us to use. It's just something else that we can consider in the thing. Again, there may be some subjectivity to that, and there may may be also a center just playing on putting words in your mouth, but you know normally what DFNA does is that's for the next year, that's going to show what the impact is so that we can make sure that we're staying within those budget confines. As far as the dynamic scoring, those may play out, and if we decide to do one, we've got to try to figure out if the way that it was done is going to, you know, take place over 3 years or 5 years, and if we think that, you know, the economy, the economy is going to have to hit a certain level, of course, for those to even play out. So, again, I think it might make our job a little, a little harder, but Senator Dema, personally, I think you're, you're right on with that. Uh, and maybe we should have another discussion. It had been my thought process that, you know, since those are going to come early. That we would get those two. Uh, DFNA. So if we were to have one of those that we we get it to DFNA just so that they would have it. I think that they're going to maintain their independence and operate the same way, but do you think, do you agree, or have you thought that through or do you think, do you think that we should uh If we have I don't know, make it up 100. Bills that are going to impact uh GR or or taxes and and whatever it may be in the course of this year. We, we've asked them to do a fiscal impact in each and every one of those, and then we'd be asking them to then review our work to make sure that the assumptions are made, you know, were appropriate or whatever, and I, I'm not sure that they have the time to do that. I mean, it's hard enough at times because of the volume of what's being done to get the fiscal impact statement from. DFA, um, so I'd be hesitant, uh, and the other thing is I don't, I don't know that it's their place to be. The modeling is going to be based on assumptions. From historical trends or, or, you know, other states analysis or whatever. Again, it is not exact. And for us to sit in here and say, hey, you know, we're going to cut this tax and raise an extra $3 million or whatever, you know, that's what the modeling spits out. They can't agree to that and shouldn't agree to the assumptions or try to resupport those assumptions. It's either black and white. For them. So I don't know what I'm saying is I don't know, but I think it would. Not be very fair to send them. More homework to do when what we really, really need are those fiscal impact statements back, OK. Good, good points. Again, we're, we're just gonna have to kind of consider this. It's, it's all new. I don't even think we've got the program back yet, but I think that since it's been passed out of the executive committee at least deserves the for you all to start thinking about it, the thought process, and the comments that center dismaying has had and uh and we'll just move forward, uh, step by step. Senator Hammer. Sorry if I should know this, but let me ask, do we know what the turnaround time is going to be once we charge. Um, the entity that's going to be doing the analysis. What is the ability for them to turn around in a timely manner because if we're going to hold the bills to a certain date, are they going to be charged with analyzing that up to so that when we pull the trigger and start looking at these, they'll be ready. How's that going to play out? It's, it's my understanding, of course, that all of this is supposed to come into play maybe next week. So I don't know if they're going to have a little bit more time before they're going to be kind of up and running with it all, but Senator Dismay says most of it's going to be run through some computer programs, so I think as far as the turnaround time with it, uh, although DFNA doesn't a good job, although sometimes these things are hard to calculate on the static side, uh. I think, I think the computer program is supposed to turn around fairly quickly, maybe a day or 2 or 3, something of that nature. OK. All right. Thank you. Yes, sir. Any other, any other questions? Any other thoughts? OK. All right. We'll try to figure out, figure out that process together out here how we do it. Anybody from the audience wanna, wanna speak up, say anything. It's not on our agenda, but I think that's probably the best way. Yes, ma'am. OK, super. We appreciate that. Anyone else? Anything else from the members? All right, we should be organized and ready to go. We're adjourned.