LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 22, 2009 TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB464 by Paxton (Relating to the preparation by the Legislative Budget Board of a dynamic fiscal impact statement for certain bills and joint resolutions affecting taxes and fees.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would require the staff of the Legislative Budget Board to prepare a dynamic fiscal impact statement for certain bills or joint resolutions that raise or lower a tax or fee. Under the provisions of the bill, on the fifth anniversary of the effective date of a bill for which a dynamic impact statement was produced, the Comptroller would be required to submit a report that assesses the accuracy of the fiscal note and the dynamic impact statement prepared for the bill. According to the Comptroller, there could be administrative costs associated with the assessment of the fiscal notes and dynamic impact statements, those costs cannot be determined as it is not known how many assessments would be performed. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, MN, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 22, 2009
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB464 by Paxton (Relating to the preparation by the Legislative Budget Board of a dynamic fiscal impact statement for certain bills and joint resolutions affecting taxes and fees.), As Engrossed
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB464 by Paxton (Relating to the preparation by the Legislative Budget Board of a dynamic fiscal impact statement for certain bills and joint resolutions affecting taxes and fees.), As Engrossed
Honorable Steve Ogden, Chair, Senate Committee on Finance
Honorable Steve Ogden, Chair, Senate Committee on Finance
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB464 by Paxton (Relating to the preparation by the Legislative Budget Board of a dynamic fiscal impact statement for certain bills and joint resolutions affecting taxes and fees.), As Engrossed
HB464 by Paxton (Relating to the preparation by the Legislative Budget Board of a dynamic fiscal impact statement for certain bills and joint resolutions affecting taxes and fees.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require the staff of the Legislative Budget Board to prepare a dynamic fiscal impact statement for certain bills or joint resolutions that raise or lower a tax or fee. Under the provisions of the bill, on the fifth anniversary of the effective date of a bill for which a dynamic impact statement was produced, the Comptroller would be required to submit a report that assesses the accuracy of the fiscal note and the dynamic impact statement prepared for the bill. According to the Comptroller, there could be administrative costs associated with the assessment of the fiscal notes and dynamic impact statements, those costs cannot be determined as it is not known how many assessments would be performed.
The bill would require the staff of the Legislative Budget Board to prepare a dynamic fiscal impact statement for certain bills or joint resolutions that raise or lower a tax or fee.
Under the provisions of the bill, on the fifth anniversary of the effective date of a bill for which a dynamic impact statement was produced, the Comptroller would be required to submit a report that assesses the accuracy of the fiscal note and the dynamic impact statement prepared for the bill.
According to the Comptroller, there could be administrative costs associated with the assessment of the fiscal notes and dynamic impact statements, those costs cannot be determined as it is not known how many assessments would be performed.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, MN, SD
JOB, MN, SD