(a) To the extent that any fiscal impact estimate prepared by the Department of Finance involves one or more proposed changes in state tax law, the department shall prepare the estimate, except where it is unreasonable to do so, on the basis of assumptions that estimate the probable behavioral responses of taxpayers, businesses, and other citizens to those proposed changes, and shall include in the fiscal impact estimate a statement identifying those assumptions. The requirement set forth in this section shall apply only to a proposed change in state tax law determined by the Department of Finance, pursuant to a static fiscal estimate, to have a fiscal impact in excess of ten million dollars ($10,000,000) in any one fiscal year.
(b) This section shall remain in effect only until January 1, 2000, and as of that date is repealed, unless a later enacted statute, which is enacted before January 1, 2000, deletes or extends that date.
(Amended by Stats. 1994, Ch. 383, Sec. 3.)