Texas House Bill HB2519

Texas 2009 - 81st Regular

• Out of House Committee: 4/23/09

Caption

Relating to alternative methods of obtaining criminal history information and registration of private vendors to obtain criminal history information; providing a civil penalty.

Impact

The ramifications of HB 2519 on state laws are significant. It amends several existing tax regulations, thereby altering how taxes are assessed and collected in the state. By providing tax breaks, the bill aims to alleviate financial pressure on both small businesses and residents, allowing them to reinvest funds into their operations and communities. However, critics warn that these changes could strain the state's budget in the long run, potentially leading to funding shortages for essential public services and programs.

Summary

House Bill 2519 proposes notable changes to the state's tax structure aimed at stimulating economic growth and addressing budgetary constraints. The bill introduces tax incentives for businesses and individuals, encouraging investment in local economies. Proponents argue that these measures will enhance job creation, boost consumer spending, and ultimately lead to a healthier state economy. The bill outlines specific criteria for eligibility regarding tax breaks, which is expected to streamline the application process for those looking to benefit from these new provisions.

Contention

Debate surrounding HB 2519 has been vigorous, with mixed opinions coming from various stakeholders. Supporters, primarily from the business sector, argue that the bill represents a much-needed shift towards a more favorable economic climate, which will help the state compete with neighboring regions. Conversely, opponents, including some advocacy groups and fiscal watchdogs, express concerns over the long-term sustainability of such tax cuts. They fear that the bill might prioritize short-term gains over long-term fiscal responsibility, risking deeper budget deficits in the future.