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:HB2226 by Parker (Relating to exemptions from the sales tax for certain solar and wind energy devices.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for HB2226, As Introduced: a negative impact of ($583,000) 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:HB2226 by Parker (Relating to exemptions from the sales tax for certain solar and wind energy devices.), As Introduced
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB2226 by Parker (Relating to exemptions from the sales tax for certain solar and wind energy devices.), 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
HB2226 by Parker (Relating to exemptions from the sales tax for certain solar and wind energy devices.), As Introduced
HB2226 by Parker (Relating to exemptions from the sales tax for certain solar and wind energy devices.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for HB2226, As Introduced: a negative impact of ($583,000) through the biennium ending August 31, 2011.
Estimated Two-year Net Impact to General Revenue Related Funds for HB2226, As Introduced: a negative impact of ($583,000) 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 ($278,000) 2011 ($305,000) 2012 ($334,000) 2013 ($367,000) 2014 ($402,000)
2010 ($278,000)
2011 ($305,000)
2012 ($334,000)
2013 ($367,000)
2014 ($402,000)
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 ($278,000) ($52,000) ($18,000) ($7,000) 2011 ($305,000) ($57,000) ($19,000) ($8,000) 2012 ($334,000) ($62,000) ($21,000) ($9,000) 2013 ($367,000) ($68,000) ($23,000) ($10,000) 2014 ($402,000) ($75,000) ($25,000) ($11,000)
Fiscal Year Probable Revenue (Loss) fromGeneral Revenue Fund1 Probable Revenue (Loss) fromCities Probable Revenue (Loss) fromTransit Authorities Probable Revenue (Loss) fromCounties 2010 ($278,000) ($52,000) ($18,000) ($7,000) 2011 ($305,000) ($57,000) ($19,000) ($8,000) 2012 ($334,000) ($62,000) ($21,000) ($9,000) 2013 ($367,000) ($68,000) ($23,000) ($10,000) 2014 ($402,000) ($75,000) ($25,000) ($11,000)
2010 ($278,000) ($52,000) ($18,000) ($7,000)
2011 ($305,000) ($57,000) ($19,000) ($8,000)
2012 ($334,000) ($62,000) ($21,000) ($9,000)
2013 ($367,000) ($68,000) ($23,000) ($10,000)
2014 ($402,000) ($75,000) ($25,000) ($11,000)
Fiscal Analysis
The bill would amend Chapter 151 of the Tax Code relating to exemptions from the sales tax for certain solar and wind energy devices.The bill would exempt the sale of solar energy or wind energy devices for noncommercial home or personal use from the sales tax if the sales take place during a period beginning on the Saturday preceding the last Monday in May and ending on the last Monday in May. The bill would take effect September 1, 2009.
The bill would amend Chapter 151 of the Tax Code relating to exemptions from the sales tax for certain solar and wind energy devices.The bill would exempt the sale of solar energy or wind energy devices for noncommercial home or personal use from the sales tax if the sales take place during a period beginning on the Saturday preceding the last Monday in May and ending on the last Monday in May.
The bill would take effect September 1, 2009.
Methodology
Sales of solar energy and wind energy devices were estimated based on data gathered from several sources, including the Energy Information Administration. Sales were adjusted to reflect Texas sales; adjusted for the appropriate time period; multiplied by the state sales tax rate; and extrapolated through 2014.
Local Government Impact
There would be a proportional loss of sales tax 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