AN ACT ELIMINATING STATE TAXES OR FEES FOR WHICH COLLECTION COSTS EXCEED THE REVENUE RECEIVED.

SB 118 would eliminate state taxes or fees where the cost to collect them exceeds the revenue the state receives. It directly affects state tax and fee programs that are financially inefficient, such as certain small or complex levies. The bill requires automatic removal of any such tax or fee by amending state statutes. This policy change aims to reduce government administrative costs without altering existing tax structures. The bill does not create new taxes or change current rates for profitable programs.