HBA-TYH C.S.H.B. 1471 76(R)BILL ANALYSIS Office of House Bill AnalysisC.S.H.B. 1471 By: Hilbert State Affairs 4/15/1999 Committee Report (Substituted) BACKGROUND AND PURPOSE Currently legislation can be accompanied by a fiscal note prepared by the Legislative Budget Board. However, there is no description of the impact a proposed measure may have on small business. C.S.H.B. 1471 allows a committee chair in either house of the legislature to request a small business impact statement including the regulatory and fiscal implications to small businesses. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. SECTION BY SECTION ANALYSIS SECTION 1. Amends Chapter 314, Government Code, by adding Section 314.005, as follows: Sec. 314.005. SMALL BUSINESS IMPACT STATEMENT. Requires the director of the Legislative Budget Board (director), at the request of the chair of a committee of either house of the legislature, to prepare a statement describing the regulatory and fiscal effects on small businesses in this state of a proposed bill or resolution pending before the committee. Requires the director to prepare and deliver the statement to the chair of the committee in the same manner as similar statements prepared by the director, if any, under the rules of the applicable house of the legislature. Provides that the impact statement must be attached to the bill or resolution following the fiscal note attached under Section 314.003 (Attachment to Bill or Resolution). Defines "small business." SECTION 2.Emergency clause. Effective date: upon passage. COMPARISON OF ORIGINAL TO SUBSTITUTE The substitute modifies the original bill in SECTION 1 by defining "small business" as have the meaning assigned by Section 2006.001, Government Code (a legal entity, including a corporation, partnership, or sole proprietorship, that is formed for the purpose of making a profit, is independently owned and operated, and has fewer than 100 employees or less than $1 million in annual gross receipts). The original bill defines small business, for the purposes of this section, as a business with fewer than 50 employees.