LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 22, 2009 TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1859 by Jackson, Mike (Relating to the exemption from the sales and use tax of boat slip rental fees charged at certain marinas severely damaged by Hurricane Ike.), As Introduced Depending upon the number of private clubs with extensive damage due to Hurricane Ike, there could be an indeterminate amount of revenue loss to the state. The bill would amend Chapter 151 of the Tax Code, regarding the sales tax, to create a sales tax exemption for boat slip rental fees if the fees are charged by a private club located in a county with a population of more than 3 million and the marina at which the boat slips are rented sustained at least $1 million in damage from Hurricane Ike. Based on the population requirements, the bill would apply only to boat slip rental fees at clubs in Harris County. The Comptroller has indicated that the number of clubs with marinas that sustained at least $1 million in damage from Hurricane Ike are not known. Therefore the amount of revenue loss that would result from the bill cannot be estimated. The bill would take effect July 1, 2009, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2009. Local Government Impact The amount of revenue loss to units of local government cannot be estimated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, MN, SD, KK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 22, 2009
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1859 by Jackson, Mike (Relating to the exemption from the sales and use tax of boat slip rental fees charged at certain marinas severely damaged by Hurricane Ike.), As Introduced
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB1859 by Jackson, Mike (Relating to the exemption from the sales and use tax of boat slip rental fees charged at certain marinas severely damaged by Hurricane Ike.), As Introduced
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
SB1859 by Jackson, Mike (Relating to the exemption from the sales and use tax of boat slip rental fees charged at certain marinas severely damaged by Hurricane Ike.), As Introduced
SB1859 by Jackson, Mike (Relating to the exemption from the sales and use tax of boat slip rental fees charged at certain marinas severely damaged by Hurricane Ike.), As Introduced
Depending upon the number of private clubs with extensive damage due to Hurricane Ike, there could be an indeterminate amount of revenue loss to the state.
Depending upon the number of private clubs with extensive damage due to Hurricane Ike, there could be an indeterminate amount of revenue loss to the state.
The bill would amend Chapter 151 of the Tax Code, regarding the sales tax, to create a sales tax exemption for boat slip rental fees if the fees are charged by a private club located in a county with a population of more than 3 million and the marina at which the boat slips are rented sustained at least $1 million in damage from Hurricane Ike. Based on the population requirements, the bill would apply only to boat slip rental fees at clubs in Harris County. The Comptroller has indicated that the number of clubs with marinas that sustained at least $1 million in damage from Hurricane Ike are not known. Therefore the amount of revenue loss that would result from the bill cannot be estimated. The bill would take effect July 1, 2009, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it 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 boat slip rental fees if the fees are charged by a private club located in a county with a population of more than 3 million and the marina at which the boat slips are rented sustained at least $1 million in damage from Hurricane Ike.
Based on the population requirements, the bill would apply only to boat slip rental fees at clubs in Harris County. The Comptroller has indicated that the number of clubs with marinas that sustained at least $1 million in damage from Hurricane Ike are not known. Therefore the amount of revenue loss that would result from the bill cannot be estimated.
The bill would take effect July 1, 2009, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2009.
Local Government Impact
The amount of revenue loss to units of local government cannot be estimated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, MN, SD, KK
JOB, MN, SD, KK