LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 22, 2009 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1902 by Branch (Relating to exemptions from the sales tax for certain energy-efficient products.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for HB1902, As Introduced: a negative impact of ($36,326,000) through the biennium ending August 31, 2011.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 22, 2009
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1902 by Branch (Relating to exemptions from the sales tax for certain energy-efficient products.), As Introduced
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1902 by Branch (Relating to exemptions from the sales tax for certain energy-efficient products.), As Introduced
Honorable Rene Oliveira, Chair, House Committee on Ways & Means
Honorable Rene Oliveira, Chair, House Committee on Ways & Means
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB1902 by Branch (Relating to exemptions from the sales tax for certain energy-efficient products.), As Introduced
HB1902 by Branch (Relating to exemptions from the sales tax for certain energy-efficient products.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for HB1902, As Introduced: a negative impact of ($36,326,000) through the biennium ending August 31, 2011.
Estimated Two-year Net Impact to General Revenue Related Funds for HB1902, As Introduced: a negative impact of ($36,326,000) through the biennium ending August 31, 2011.
General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2010 ($17,694,000) 2011 ($18,632,000) 2012 ($19,496,000) 2013 ($20,357,000) 2014 ($21,247,000)
2010 ($17,694,000)
2011 ($18,632,000)
2012 ($19,496,000)
2013 ($20,357,000)
2014 ($21,247,000)
All Funds, Five-Year Impact: Fiscal Year Probable Revenue (Loss) fromGeneral Revenue Fund1 Probable Revenue (Loss) fromCities Probable Revenue (Loss) fromTransit Authorities Probable Revenue (Loss) fromCounties 2010 ($17,694,000) ($3,291,000) ($1,122,000) ($465,000) 2011 ($18,632,000) ($3,465,000) ($1,182,000) ($490,000) 2012 ($19,496,000) ($3,626,000) ($1,236,000) ($512,000) 2013 ($20,357,000) ($3,786,000) ($1,291,000) ($535,000) 2014 ($21,247,000) ($3,952,000) ($1,347,000) ($558,000)
Fiscal Year Probable Revenue (Loss) fromGeneral Revenue Fund1 Probable Revenue (Loss) fromCities Probable Revenue (Loss) fromTransit Authorities Probable Revenue (Loss) fromCounties 2010 ($17,694,000) ($3,291,000) ($1,122,000) ($465,000) 2011 ($18,632,000) ($3,465,000) ($1,182,000) ($490,000) 2012 ($19,496,000) ($3,626,000) ($1,236,000) ($512,000) 2013 ($20,357,000) ($3,786,000) ($1,291,000) ($535,000) 2014 ($21,247,000) ($3,952,000) ($1,347,000) ($558,000)
2010 ($17,694,000) ($3,291,000) ($1,122,000) ($465,000)
2011 ($18,632,000) ($3,465,000) ($1,182,000) ($490,000)
2012 ($19,496,000) ($3,626,000) ($1,236,000) ($512,000)
2013 ($20,357,000) ($3,786,000) ($1,291,000) ($535,000)
2014 ($21,247,000) ($3,952,000) ($1,347,000) ($558,000)
Fiscal Analysis
The bill would amend Chapter 151 of the Tax Code, regarding the sales tax, to create a sales tax exemption for computers that are designated as an Energy Star qualified product with a sales price of less than $1,000 sold during the current sales tax holiday for energy-efficient products each May. The bill would take effect September 1, 2009.
The bill would amend Chapter 151 of the Tax Code, regarding the sales tax, to create a sales tax exemption for computers that are designated as an Energy Star qualified product with a sales price of less than $1,000 sold during the current sales tax holiday for energy-efficient products each May.
The bill would take effect September 1, 2009.
Methodology
Data on the U.S. sale of qualified computers were gathered from the U.S. Bureau of the Census. National sales were adjusted to reflect sales in Texas; adjusted for the appropriate price range and duration of the holiday period; multiplied by the state sales tax rate; and extrapolated through fiscal 2014.
Local Government Impact
There would be a proportional loss of revenue to units of local government.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, MN, SD, KK
JOB, MN, SD, KK