INC TX-SURPLUS FUNDS
Defines surplus as end-of-year cash in the Income Tax Refund Fund minus specific transfers, guiding how much is transferred to the General Revenue Fund.
Defines surplus as end-of-year cash in the Income Tax Refund Fund minus specific transfers, guiding how much is transferred to the General Revenue Fund.
Note: The materials provided for HB 2483 appear to combine two different bill texts and mixed legislative records from multiple states. The bill header and status information you gave (Title: “INC TX‑SURPLUS FUNDS”; Introduced Feb 5, 2025; Status: Rule 19(a) / Re‑referred to Rules Committee) point toward an income‑tax / surplus funds measure. However, the document body also contains a separate Arizona bill text (amendments to Arizona Revised Statutes §§ 32‑1104, 32‑1122, 32‑1124, 32‑1133, 32‑1133.01, 32‑1161) concerning the Registrar of Contractors, and an Illinois draft (35 ILCS 5/901) amending the Income Tax Refund Fund language. Below are concise, separate summaries of the two substantive pieces included and a note on procedural status and recommended next steps.
Source: excerpt of Illinois HB 2483 (35 ILCS 5/901) included in the packet.
Purpose
- To clarify how “surplus” is defined for purposes of transfers from the Income Tax Refund Fund to the General Revenue Fund.
Key provision
- “Surplus” is defined as the cash balance in the Income Tax Refund Fund at the end of the applicable fiscal year, less amounts attributable to certain specified transfers (text in packet truncated; indicates clarifying calculation of amounts to be transferred).
Effect / who is affected
- State fiscal officers and budget staff who calculate year‑end transfers.
- The General Revenue Fund and the Income Tax Refund Fund (may change timing/amounts of transfers).
- Potential downstream effects on state budgeting, refunds, and appropriations.
Timing
- The included Illinois text states the change is effective immediately.
Fiscal impact
- Not specified in the excerpt. Defining “surplus” more narrowly or broadly can increase or decrease transfers to General Revenue in a given year; fiscal effect would depend on fund balances and the “specified transfers” excluded by the definition.
Source: Arizona House bill text introduced by Representative Laurin Hendrix (amendments to A.R.S. § 32‑1104 and related sections).
Purpose
- To revise the powers, duties and procedures of the Arizona Registrar of Contractors and to amend licensing and administrative processes under the contractors licensing chapter.
Key provisions (selected)
- Office/records: clarifies maintenance of offices and retention of indexed records for at least seven years.
- Certified copies/fees: clarifies that a certified copy or affidavit is prima facie evidence; specifies fee language (fees charged $10 per hour, minimum $10) for copies.
- Enforcement: expressly vests investigators with citation authority under A.R.S. § 13‑3903 and authorizes access to criminal history records for investigations.
- Rulemaking/minimum standards: requires rules for minimum standards for “good and workmanlike construction” and states conformity with building codes satisfies those standards.
- Notice of proposed rules: requires mailing notices of proposed rule changes to qualifying trade associations and licensed contractors who file requests (requests renewed every two years).
- Informal dispute program: permits an informal resolution process before a formal complaint, requires the registrar to notify the contractor before inspection and provide at least five days’ notice; the contractor may be denied access by homeowner; registrar must notify both parties of findings within five business days; informal complaints must not be posted on the licensee’s online record.
- Public posting of applicants: requires posting of license applicants on the registrar’s website for at least 20 days (registrar still issues licenses if all requirements are met regardless of posting period); allows a reasonable charge up to $2/month for printed lists.
- Other: authority to accept gifts/grants; ability to prepare/furnish decals and business management books for a fee.
Effect / who is affected
- Licensed and prospective contractors in Arizona (application, notice, rulemaking participation).
- Trade associations that wish to receive rule notices.
- Homeowners involved in disputes.
- Registrar staff (expanded duties and enforcement tools).
Timing / procedural
- The Arizona text is an “Introduced Version” and the packet truncates several sections (e.g., § 32‑1122 text is incomplete). Full legislative status for this Arizona measure in the packet is unclear.
Because the provided file merges distinct bills and fragmented records, I recommend:
1. Confirm the jurisdiction (state) and the exact bill text you want summarized (income‑tax surplus definition vs. registrar of contractors).
2. Provide the official bill text or bill tracking link for the specific HB 2483 of interest.
3. If you want both items summarized for comparison, indicate that and I will prepare a cleaned, side‑by‑side impact summary and suggest likely fiscal and stakeholder effects.
If you confirm which version of HB 2483 (state and subject), I will produce a focused, single‑bill summary with legislative timeline, section‑by‑section changes, estimated fiscal/stakeholder impacts, and next steps for tracking.
Compiled from official sources — confirm details with the bill’s official record.
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