Bill > S1695

This bill mandates that the Department of Revenue, led by its commissioner, must periodically review all rules and regulations it has created. Specifically, these reviews must happen at least every five years to assess if the regulations are still needed, clearly written, and relevant. The commissioner will use established criteria to evaluate these regulations, considering factors like their statutory basis, the benefits and costs to the state and taxpayers, the impact of multiple regulations combined, and whether any regulations are redundant. Following these reviews, the commissioner is required to report their findings and any recommendations, including proposed changes to regulations or new legislation, to the governor, the secretary of administration and finance, and relevant legislative committees, with a deadline of December 31st each year a report is due.