Bill > S1571

This bill mandates that the Department of Revenue, specifically its commissioner, must review all rules and regulations it has issued at least once every five years to ensure they are still necessary, clearly written, and relevant. This review process will involve evaluating factors such as the original purpose of the law the regulation is based on, the benefits and costs to the state and taxpayers, the combined impact of all regulations, and whether any regulations are redundant. Following this evaluation, the commissioner is required to report their findings and any proposed changes, including draft regulations or legislation, to the Governor, the Secretary of Administration and Finance, and relevant legislative committees by December 31st of each year a report is due. This initiative aims to improve the clarity and efficiency of state regulations.