SB 2018-317: Revenue Enhancement Act (Debating)

[Southern Senator North Carolina Yankee]

Sure would be useful for budget forecasting if I could tell if this bill was going to pass or not ...

On the flip side, it would also help to know what impact this bill has on the budget itself. Do you by chance have estimates somewhere?

[Sestak]

Worth noting that with regards to III-a 1-5, those fees are have been increased IRL for FY 2019 to be even higher than this bill would raise them to. We should probably be raising them more.

[Sestak]

Amendment offered:

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[Sestak]

Oh, own amendment is friendly, of course.

[Dr. MB]

24 hours to object to Sestak's amendment.

[Southern Senator North Carolina Yankee]

I will ask again, where do we stand here in terms of revenue in regards to how much this raises?

[Pericles]

Has anyone actually asked the GM Department for an analysis of this?

[Mr. Reactionary]

Has anyone actually asked the GM Department for an analysis of this?

Im working on it. At present time the backlog of GM requests is big what with 2 budgets on top of all the bill scoring and im still having to do weekly stories and figure out outreach myself. Send me a few deputies and we can start making faster progress.

[Southern Senator North Carolina Yankee]

Still working on this I take it?

[Mr. Reactionary]

Still working on this I take it?

I have Section II scored entirely and plan on tackling V today since those came from the Dave Camp tax reform and I have a doc that breaks down those costs. If I have time Ill try and finish today but my Atlas time is split between this, the budget, and helping Fhtagn with about 10 stories that need to go out in the next couple of days.

[Mr. Reactionary]

GM Score: + $63.183 Billion in its current form

Fuel and Travel Taxes [II(a)(1-11)] - $18 Billion
Alcohol Taxes [II(a)(12)] - $6.5 Billion
Tobacco Taxes [II(a)(13-14) - $4.2 Billion
NFA Taxes [II(a)(15-16)] - $15 Million
Fishing Equipment Taxes [II(a)(17-19)] - $50 Million
Gambling Taxes [II(a)(20-21)] - $23 Million
Ozone Taxes [II(a)(22)] - $0.8 Million
REIT and RIC violations [II(a)(23)] - $60 Million
Foreign Contractor violations [II(a)(24)] - $38 Million
Golden Parachute tax [II(a)(25)] - $90 Million
Vaccine Taxes [II(b)(1-4)] - $ 6 Million
Foreign wire transfers [II(c)(1)] - $1.1 Billion
Too Big To Fail Tax [II(c)(2)] - $9.8 Billion
Non-Profit CEO Pay cap [II(c)(3)] - $410 Million
Medical Cocaine Tax [II(c)(4)] - $10.9 Million
Cannabis Tax [II(c)(5)] - $10.2 Billion
New NFA Firearms [II(c)(6)] - Revenue neutral this year but ensures continuing revenue after 2019
Mineral exploration aviation tax exclusion [II(d)] - $6 Million
Foreign Rum excise tax exclusion [II(e)] - $452 Million
Estate Auction rule [II(f)] - Revenue neutral for us but will lead to more Regional revenue collection
User Fees [III(a))(1-42);(b)] - $1.52 Billion
CWA Permit authority [III(c)] Revenue neutral but permanently extends a program that reduces future costs
User Fees grow with inflation [III(d)] - Revenue neutral but ensures higher returns after 2019
Cabin Fees grow with inflation [III(e)] - Revenue neutral but ensures higher returns after 2019
Shutdown Rule [III(f)] - Revenue neutral but doesn't penalize the Regions is we ever have a shutdown
Oil and Gas Royalty increase [IV(a)] - $820 Million
Sale of excess oil [IV(b)] - $869.794 Million
Sale of excess helium [IV(c)] - $2.135 Billion
Reclamation water sale changes [IV(d-e)] - $14 Million
Roadless Rule change [IV(f)] - Revenue Neutral but makes costly forest fires less likely
Cap on Forestry Service overhead [IV(g)] - $21 Million
Late filing penalty for non-profits [V(a)] - $9 Million
Minimum late filing penalty [V(b)] - $50 Million
Loosen rules on debt collection agencies [V(c - e)] - $240 Million
Collect back taxes from federal contractors [V(f)] - $5.8 Billion
Collect back taxes from federal employees [V(g)] - $500 Million
Collect back taxes from Atlascare providers [V(h)] - $80 Million
Increased enforcement against certain frauds [V(i-j)] - $120 Million
Withholding certain tax credit refunds [V(k)] - $10 Million
Collect back taxes from persons seeking certain documents [V(l)] - $41 Million

[Mr. Reactionary]

GM Score Update: The net effect of this bill falls by about half to $33.339 Billion net income if it used to partially fund the Pericles bill.

[Lechasseur]

GM Score Update: The net effect of this bill falls by about half to $33.339 Billion net income if it used to partially fund the Pericles bill.

Which Pericles bill?

[Mr. Reactionary]

GM Score Update: The net effect of this bill falls by about half to $33.339 Billion net income if it used to partially fund the Pericles bill.

Which Pericles bill?

The No Child bill

[Sestak]

I think we can all agree that this bill itself is a good one, though.

I move for a final vote. 24 hours to object.

[Sestak]

A final vote Ian now open. Members, please vote Aye, Nay, or Abstain.

[Pericles]

Aye

[Lechasseur]

Aye

[Southern Senator North Carolina Yankee]

AYE

[Sestak]

Aye.

[Sestak]

This has the votes to pass. 24 hours to vote or change your vote.

[Mr. Reactionary]

GM Score Update: The net effect of this bill falls by about half to $33.339 Billion net income if it used to partially fund the Pericles bill.

GM Score Update: The net effect of this bill collapses by 90% to a puny $6.229 Billion net income if used to fully fund the Pericles bill.

[Pericles]

GM Score Update: The net effect of this bill falls by about half to $33.339 Billion net income if it used to partially fund the Pericles bill.

GM Score Update: The net effect of this bill collapses by 90% to a puny $6.229 Billion net income if used to fully fund the Pericles bill.

It isn't as if the money is just flushed down the toilet.

[Sestak]

Passes 4-0-0.

Aye: Lechasseur, NC Yankee, Pericles, Sestak

Not Voting: Zaybay, MAINEiac

[Sestak]

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People's House of Representatives
Passed 5-4-0 in the Atlasian House assembled on September 25th, 2018,


as amended

Atlasian Regional Senate
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