Workers' compensation amendments. |
06LSO-0205.C1 |
FISCAL NOTE
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FY 2007 |
FY 2008 |
FY 2009 |
NON-ADMINISTRATIVE IMPACT |
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Anticipated Revenue Increase: |
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INDUSTRIAL ACCIDENT FUND |
270,000 |
240,000 |
218,000 |
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Source of revenue increase:
W.S. 24-14-202 - Increase in penalty for non-reporters from $0.00 to $100.00.
Assumptions:
W.S. 27-14-202 - Current statistics show a trend that the Division will incur 2,700 delinquent reports for FY07. The Division is proposing a $100.00 penalty for delinquent reports. The Division’s goal is to reduce delinquent reports by a minimum of 10% every year.
Anticipated Revenue Decrease: |
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INDUSTRIAL ACCIDENT FUND |
82,000 |
74,000 |
66,000 |
Source of revenue decrease:
W.S. 27-14-203 - Reduction of interest penalty for past due and delinquent reporting from $50.00 minimum to 2%.
Assumptions:
W.S. 27-14-203 - Division’s goal is to reduce delinquent payments by a minimum of 10% every year.
A portion of this bill’s impact is indeterminable:
Source of revenue increase/expenditure increase:
W.S. 27-14-302 - Increase premium from non-resident employers in extra-hazardous industry previously not required to obtain coverage.
Assumptions:
Non-resident employers in extra-hazardous industries will be required to obtain coverage from the Workers’ Safety and Compensation Division. These employers will be of various sizes, various industries, and with indeterminable payroll sizes and timeframes in Wyoming; an accurate estimate of the increase in premium collected, or the number of claims filed, cannot be determined.
NOTICE-AGENCY ESTIMATE OF ADMINISTRATIVE IMPACT REQUESTED
This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations. The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:
Department of Employment
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Prepared by: Joy Hill, LSO Phone: 777-7881
(Information provided by Bill Cole, Dept. of Employment, ph. 777-6035; Bob Curtis, Dept. of Employment, ph. 777-6761)