LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 21, 2011 TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB2383 by Geren (Relating to a study regarding the reenactment of the franchise tax credit for research and development expenditures.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Tax Code to require the Legislative Budget Board to conduct a study of the costs and benefits to the state of reenacting the tax incentive for research and development activities that was in effect as Subchapter O, Chapter 171, Tax Code, in 2006. The Legislative Budget Board shall report the results of the study to the legislature not later than January 1, 2013. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JOB, KK, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 21, 2011
TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB2383 by Geren (Relating to a study regarding the reenactment of the franchise tax credit for research and development expenditures.), As Introduced
TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB2383 by Geren (Relating to a study regarding the reenactment of the franchise tax credit for research and development expenditures.), As Introduced
Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB2383 by Geren (Relating to a study regarding the reenactment of the franchise tax credit for research and development expenditures.), As Introduced
HB2383 by Geren (Relating to a study regarding the reenactment of the franchise tax credit for research and development expenditures.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Tax Code to require the Legislative Budget Board to conduct a study of the costs and benefits to the state of reenacting the tax incentive for research and development activities that was in effect as Subchapter O, Chapter 171, Tax Code, in 2006. The Legislative Budget Board shall report the results of the study to the legislature not later than January 1, 2013.
The bill would amend the Tax Code to require the Legislative Budget Board to conduct a study of the costs and benefits to the state of reenacting the tax incentive for research and development activities that was in effect as Subchapter O, Chapter 171, Tax Code, in 2006.
The Legislative Budget Board shall report the results of the study to the legislature not later than January 1, 2013.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, KK, SD
JOB, KK, SD