LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 4, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB2565 by Averitt (Relating to adjustments of rates of certain telecommunications utilities for changes in certain tax liabilities.), As Introduced No significant fiscal implication to the State is anticipated. The bill would repeal Section 53.202 of the Utilities Code, which directs the Public Utility Commission (PUC) to provide in certain instances adjustments of a utility's billing to reflect an increase or decrease in the utility's tax liability to the state. The bill would require the PUC to amend existing rules to conform to the provisions of the bill. The PUC indicates it could absorb the costs associated with the bill within existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:473 Public Utility Commission of Texas LBB Staff: JOB, JRO, ES
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 4, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB2565 by Averitt (Relating to adjustments of rates of certain telecommunications utilities for changes in certain tax liabilities.), As Introduced
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB2565 by Averitt (Relating to adjustments of rates of certain telecommunications utilities for changes in certain tax liabilities.), As Introduced
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB2565 by Averitt (Relating to adjustments of rates of certain telecommunications utilities for changes in certain tax liabilities.), As Introduced
SB2565 by Averitt (Relating to adjustments of rates of certain telecommunications utilities for changes in certain tax liabilities.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would repeal Section 53.202 of the Utilities Code, which directs the Public Utility Commission (PUC) to provide in certain instances adjustments of a utility's billing to reflect an increase or decrease in the utility's tax liability to the state. The bill would require the PUC to amend existing rules to conform to the provisions of the bill. The PUC indicates it could absorb the costs associated with the bill within existing resources.
The bill would repeal Section 53.202 of the Utilities Code, which directs the Public Utility Commission (PUC) to provide in certain instances adjustments of a utility's billing to reflect an increase or decrease in the utility's tax liability to the state. The bill would require the PUC to amend existing rules to conform to the provisions of the bill.
The PUC indicates it could absorb the costs associated with the bill within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 473 Public Utility Commission of Texas
473 Public Utility Commission of Texas
LBB Staff: JOB, JRO, ES
JOB, JRO, ES