(1) any modification to the Internal Revenue Code that is likely to have a fiscal impact on state revenues: (a) that became effective: (i) if the commission is preparing its initial report in accordance with this section, during the previous calendar year; or (ii) if the commission has prepared a previous report in accordance with this section, after the most recent report prepared in accordance with this section; or (b) that have been enacted and will become effective prior to the end of the calendar year that begins January 1 following the current report prepared in accordance with this section;

(a) that became effective: (i) if the commission is preparing its initial report in accordance with this section, during the previous calendar year; or (ii) if the commission has prepared a previous report in accordance with this section, after the most recent report prepared in accordance with this section; or

(i) if the commission is preparing its initial report in accordance with this section, during the previous calendar year; or

(ii) if the commission has prepared a previous report in accordance with this section, after the most recent report prepared in accordance with this section; or

(b) that have been enacted and will become effective prior to the end of the calendar year that begins January 1 following the current report prepared in accordance with this section;

(2) the fiscal impacts a modification described in Subsection (1) may have on state revenues; and

(3) statutory or administrative options to: (a) implement the effects on this title of a modification described in Subsection (1); or (b) change this title to prevent this title from implementing a modification described in Subsection (1).

(a) implement the effects on this title of a modification described in Subsection (1); or

(b) change this title to prevent this title from implementing a modification described in Subsection (1).