Initiative: Appropriates funds to establish one Senior Revenue Agent position and one Senior Tax Examiner position for the enhancement of the insurance premium tax program within the Bureau of Revenue Services. This initiative will provide additional resources to conduct audits, of both federal and state returns, on insurance companies, to redesign forms and instructions and to improve the administration of the insurance premium tax program. It is projected that this initiative will generate $474,000 in net additional revenue to the General Fund.

General Fund 2003-04 2004-05

Positions - Legislative Count (0.000) (2.000)

Personal Services $0 $120,947

All Other 0 25,812

__________ __________

General Fund Total $0 $146,759

Revenue Services - Bureau of 0002

Initiative: Appropriates funds to establish one Management Analyst I position required to expand the revenue discovery efforts regarding real estate transfers in the State. It is projected that this initiative will generate $806,650 in new revenue to the General Fund from the discovery of unfiled income tax returns and underreported tax.

General Fund 2003-04 2004-05

Positions - Legislative Count (0.000) (1.000)

Personal Services $0 $54,605

All Other 0 11,459

__________ __________

General Fund Total $0 $66,064

ADMINISTRATIVE AND FINANCIAL SERVICES,

DEPARTMENT OF

DEPARTMENT TOTALS 2003-04 2004-05

GENERAL FUND $0 $1,794,487

__________ __________

DEPARTMENT TOTAL - ALL FUNDS $0 $1,794,487

PART BBB

Sec. BBB-1. Payments for merit increases; executive branch, constitutional officers' departments, Department of Audit. In accordance with the provisions of Public Law 2003, chapter 20, Part D, section 22 and Public Law 2003, chapter 451, Part E,