BILL ANALYSIS Senate Research Center S.B. 2565 By: Averitt Business & Commerce 8/4/2009 Enrolled AUTHOR'S / SPONSOR'S STATEMENT OF INTENT S. B. 2565 is a "clean up" bill being presented at the recommendation of the Public Utility Commission (PUC). Its purpose is to take care of an outdated provision of the Public Utility Regulatory Act left over from the legislature's enactment of the new business tax. The legislature abolished the old tax when the new law was phased in; however, an oversight by the legislature left in place the calculation and reporting requirements to PUC under the old law. S.B. 2565 repeals Section 53.202 (Adjustment for Change in Tax Liability), Utilities Code. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Repealer: Section 53.202 (Adjustment for Change in Tax Liability), Utilities Code. SECTION 2. Effective date: September 1, 2009.
BILL ANALYSIS
Senate Research Center S.B. 2565
By: Averitt
Business & Commerce
8/4/2009
Enrolled
AUTHOR'S / SPONSOR'S STATEMENT OF INTENT
S. B. 2565 is a "clean up" bill being presented at the recommendation of the Public Utility Commission (PUC). Its purpose is to take care of an outdated provision of the Public Utility Regulatory Act left over from the legislature's enactment of the new business tax. The legislature abolished the old tax when the new law was phased in; however, an oversight by the legislature left in place the calculation and reporting requirements to PUC under the old law.
S.B. 2565 repeals Section 53.202 (Adjustment for Change in Tax Liability), Utilities Code.
RULEMAKING AUTHORITY
This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.
SECTION BY SECTION ANALYSIS
SECTION 1. Repealer: Section 53.202 (Adjustment for Change in Tax Liability), Utilities Code.
SECTION 2. Effective date: September 1, 2009.