TITLE 405 OFFICE OF THE SECRETARY OF FAMILY AND SOCIAL SERVICES
Economic Impact Statement
LSA Document #13-211
IC 4-22-2.1-5 Statement Concerning Rules Affecting Small Businesses
An estimate of the number of small businesses, classified by industry sector, that will be subject to the proposed rule.
IC 5-28-2-6 defines a small business as a business entity that satisfies the following requirements: On at least fifty percent (50%) of the working days of the business entity occurring during the preceding calendar year, the business entity employed not more than one hundred fifty (150) employees. The majority of the employees of the business entity work in Indiana. The OMPP estimates that small businesses will incur no additional costs to comply with this proposed rule.
An estimate of the average annual reporting, record keeping, and other administrative costs that small business will incur to comply with the proposed rule.
The OMPP estimates that small businesses will incur no additional costs to comply with this proposed rule, as there is no change in the current annual reporting, record keeping, and other administrative factors.
An estimate of the total annual economic impact that compliance will have on small businesses subject to the rule.
Since no small business will incur any additional cost to comply with this rule, there is no annual economic impact on small businesses due to compliance.
Justification Statement of Requirement or Cost:
Not applicable.
Regulatory Flexibility Analysis of Alternative Methods
Since small businesses are not impacted by this rule, alternatives to lessen the impact to small businesses were not considered.
Posted: 09/04/2013 by Legislative Services Agency
DIN: 20130904-IR-405130211EIA
Composed: Apr 16,2024 5:26:10PM EDT
A
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