TITLE 50 DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Economic Impact Statement
LSA Document #17-173
IC 4-22-2.1-5 Statement Concerning Rules Affecting Small Businesses
Description of Rulemaking
The Department of Local Government Finance (Department) proposes a rule that provides guidance for interpreting market segmentation. Statutory authority:
IC 6-1.1-31-6.
Estimated Number of Small Businesses Impacted by this Rule:
The Department estimates that no small businesses will be impacted by this rule. The rule itself is "business neutral" in that it should have no direct or indirect effect on business.
Estimated Average Annual Administrative Costs That Small Businesses Will Incur:
The Department estimates that no small businesses will incur additional administrative expenses resulting from this rule because no additional reporting or filing requirements will be added by the proposed rule.
Estimated Total Annual Economic Impact on Small Businesses:
The Department estimates that there will be no financial impact on small businesses as a result of this rule. Small businesses will have no additional responsibilities associated with this rule.
• Supporting Data, Studies, and Analyses: Because no financial impact is expected as a result of this rule, no supporting data, studies, or analyses were relied upon by the agency in its determination.
Justification of Requirement or Cost:
IC 6-1.1-31-6 requires the Department to include in its rules on real property assessment rules addressing market segmentation.
Regulatory Flexibility Analysis of Alternative Methods:
The Department did not conduct a regulatory flexibility analysis of alternative methods because no small business is expected to be affected as a result of this rule. Additionally, because no financial impact is expected as a result of compliance with this rule, neither less stringent nor more simplified requirements are necessary for this rule.
• Supporting Data, Studies, and Analyses: Because of the nature of the rule, no supporting data, studies, or analyses were conducted.
Posted: 06/14/2017 by Legislative Services Agency
DIN: 20170614-IR-050170173EIA
Composed: May 05,2024 1:27:30AM EDT
A
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