IRMS System Replacement

Item 257 #1c

Language
Page 278, line 32, strike "$5,176,511" and insert "$6,176,511".

Page 279, after line 2, insert:

"D. Out of this appropriation, $1,000,000 the first year from the general fund shall be used for initial costs associated with the replacement of the Department of Taxation's Integrated Revenue Management System (IRMS). Such funds shall be allocated in accordance with continued efforts related to the workgroup required by Item 273 Paragraph D of the 2022 Appropriation Act. Accordingly, the workgroup is hereby continued and directed to develop recommendations for an IRMS modernization project, to include analysis of risks to the state and taxpayers of remaining with the current system, methodologies for refactoring and replacement, benefits to the state and taxpayers of a new model, potential roadmap and timeline, costs and potential funding structures, and the governance structure required for any modernization effort. The workgroup should include in its review the experiences of other state revenue agencies that are in the process of, or have recently completed, revenue management system modernizations. The workgroup shall include the Secretary of Finance or his designee, staff from the House Appropriations and Senate Finance and Appropriations Committees, the Director of the Department of Planning and Budget, and the Chief Information Officer of the Virginia Information Technologies Agency. The workgroup shall submit an update on its findings and recommendations to the Governor and the Chairs of the House Appropriations and Senate Finance and Appropriations Committees by November 1, 2024."