LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 29, 2009 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2489 by Harper-Brown (Relating to the allocation of revenue from the motor vehicle sales tax to the state highway fund.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for HB2489, As Introduced: a negative impact of ($2,862,493,000) through the biennium ending August 31, 2011. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 29, 2009
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2489 by Harper-Brown (Relating to the allocation of revenue from the motor vehicle sales tax to the state highway fund.), As Introduced
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB2489 by Harper-Brown (Relating to the allocation of revenue from the motor vehicle sales tax to the state highway fund.), 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
HB2489 by Harper-Brown (Relating to the allocation of revenue from the motor vehicle sales tax to the state highway fund.), As Introduced
HB2489 by Harper-Brown (Relating to the allocation of revenue from the motor vehicle sales tax to the state highway fund.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for HB2489, As Introduced: a negative impact of ($2,862,493,000) through the biennium ending August 31, 2011. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Estimated Two-year Net Impact to General Revenue Related Funds for HB2489, As Introduced: a negative impact of ($2,862,493,000) through the biennium ending August 31, 2011.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2010 ($1,193,348,000) 2011 ($1,669,145,000) 2012 ($2,150,456,000) 2013 ($2,694,547,000) 2014 ($2,802,329,000)
2010 ($1,193,348,000)
2011 ($1,669,145,000)
2012 ($2,150,456,000)
2013 ($2,694,547,000)
2014 ($2,802,329,000)
All Funds, Five-Year Impact: Fiscal Year Probable Revenue Gain/(Loss) fromGeneral Revenue Fund1 Probable Revenue Gain/(Loss) fromState Highway Fund6 2010 ($1,193,348,000) $1,193,348,000 2011 ($1,669,145,000) $1,669,145,000 2012 ($2,150,456,000) $2,150,456,000 2013 ($2,694,547,000) $2,694,547,000 2014 ($2,802,329,000) $2,802,329,000
Fiscal Year Probable Revenue Gain/(Loss) fromGeneral Revenue Fund1 Probable Revenue Gain/(Loss) fromState Highway Fund6 2010 ($1,193,348,000) $1,193,348,000 2011 ($1,669,145,000) $1,669,145,000 2012 ($2,150,456,000) $2,150,456,000 2013 ($2,694,547,000) $2,694,547,000 2014 ($2,802,329,000) $2,802,329,000
2010 ($1,193,348,000) $1,193,348,000
2011 ($1,669,145,000) $1,669,145,000
2012 ($2,150,456,000) $2,150,456,000
2013 ($2,694,547,000) $2,694,547,000
2014 ($2,802,329,000) $2,802,329,000
Fiscal Analysis
The bill would amend Chapter 152 of the Tax Code, to modify the allocations from the motor vehicle sales and use tax. Motor vehicle sales and use tax and related penalty revenues collected by county tax assessor-collectors and remitted to the Comptroller, net of the county's 5 percent commission for collecting those revenues, would be allocated as follows: in fiscal 2010, 50 percent to the State Highway Fund and 50 percent to the General Revenue Fund; in fiscal 2011, 67 percent to State Highway Fund and 33 percent to the General Revenue Fund; in fiscal 2012, 83 percent to the State Highway Fund and 17 percent to the General Revenue Fund; and in fiscal 2013 and beyond, 100 percent to the State Highway Fund. The bill would take effect September 1, 2009.
The bill would amend Chapter 152 of the Tax Code, to modify the allocations from the motor vehicle sales and use tax. Motor vehicle sales and use tax and related penalty revenues collected by county tax assessor-collectors and remitted to the Comptroller, net of the county's 5 percent commission for collecting those revenues, would be allocated as follows: in fiscal 2010, 50 percent to the State Highway Fund and 50 percent to the General Revenue Fund; in fiscal 2011, 67 percent to State Highway Fund and 33 percent to the General Revenue Fund; in fiscal 2012, 83 percent to the State Highway Fund and 17 percent to the General Revenue Fund; and in fiscal 2013 and beyond, 100 percent to the State Highway Fund.
The bill would take effect September 1, 2009.
Methodology
The estimated fiscal impact in the table above is based on estimates provided by the Comptroller's office for motor vehicle sales and use tax collections as reported in the Comptroller's 2010-2011 Biennial Revenue Estimate, adjusted for the varying allocations under the provisions of the bill. Taxes collected and remitted directly to the Comptroller by seller-financed permitted dealers are not included. Motor vehicle sales and use tax and related penalty revenues dedicated to the Property Tax Relief Fund 0304 would not be affected.
The estimated fiscal impact in the table above is based on estimates provided by the Comptroller's office for motor vehicle sales and use tax collections as reported in the Comptroller's 2010-2011 Biennial Revenue Estimate, adjusted for the varying allocations under the provisions of the bill. Taxes collected and remitted directly to the Comptroller by seller-financed permitted dealers are not included.
Motor vehicle sales and use tax and related penalty revenues dedicated to the Property Tax Relief Fund 0304 would not be affected.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 601 Department of Transportation, 701 Central Education Agency
304 Comptroller of Public Accounts, 601 Department of Transportation, 701 Central Education Agency
LBB Staff: JOB, MN, MW, TG
JOB, MN, MW, TG