OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http: //www.cga.ct.gov/ofa

sSB-471

AN ACT EXTENDING THE STATE PHYSICIAN PROFILE TO CERTAIN OTHER HEALTH CARE PROVIDERS.

AMENDMENT

LCO No.: 4659

File Copy No.: 172

Senate Calendar No.: 146

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 09 $

FY 10 $

Department of Revenue Services

GF - Revenue Loss

Up to $37 million

Up to $37 million

Department of Revenue Services

GF - Cost

50, 000

50, 000

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment could result in an annual General Fund revenue loss to the Personal Income Tax of up to $37 million beginning in FY 09. This estimate assumes: (1) full participation by all taxpayers and (2) out-of-pocket expenses1 of $707 per adult and $261 per child. The estimated impact would be less than $37 million to the degree that participation by taxpayers is less than 100%.

There is a potential ongoing cost to the Department of Revenue Services of about $50, 000 per year for form changes and for additional computer programming.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose.

1 The out-of-pocket expense data was obtained from the Medical Expenditure Panel Survey Statistical Brief #126.