LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 31, 2011 TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB270 by Hilderbran (relating to sales and use tax information provided to certain local government entities.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. This bill would amend Chapters 321, 322, and 323 of the Tax Code, regarding sales and use taxes for municipalities, transportation authorities and counties. The bill would require the Comptroller's Office to provide, upon request by local taxing entities, information on the amount of tax paid by any person doing business in a local taxing jurisdiction if the person's annual remittance of state and local sales taxes exceeds $5,000. This is a reduction from the current threshold of $25,000. The bill would repeal Section 321.3022(a-2), which provides for certain entities that do not impose an ad valorem tax but do impose a sales and use tax to request information on taxpayers who remit at least $500 annually in state and local sales taxes. The bill would increase the amount of tax information the Comptroller's Office would be required to release to local taxing entities but would not change the taxes due or policies governing allocations of tax revenue to units of local government, and thus would have no revenue implications. The bill would take effect September 1, 2011. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, KK, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 31, 2011
TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB270 by Hilderbran (relating to sales and use tax information provided to certain local government entities.), Committee Report 1st House, Substituted
TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB270 by Hilderbran (relating to sales and use tax information provided to certain local government entities.), Committee Report 1st House, Substituted
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
HB270 by Hilderbran (relating to sales and use tax information provided to certain local government entities.), Committee Report 1st House, Substituted
HB270 by Hilderbran (relating to sales and use tax information provided to certain local government entities.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
This bill would amend Chapters 321, 322, and 323 of the Tax Code, regarding sales and use taxes for municipalities, transportation authorities and counties. The bill would require the Comptroller's Office to provide, upon request by local taxing entities, information on the amount of tax paid by any person doing business in a local taxing jurisdiction if the person's annual remittance of state and local sales taxes exceeds $5,000. This is a reduction from the current threshold of $25,000. The bill would repeal Section 321.3022(a-2), which provides for certain entities that do not impose an ad valorem tax but do impose a sales and use tax to request information on taxpayers who remit at least $500 annually in state and local sales taxes. The bill would increase the amount of tax information the Comptroller's Office would be required to release to local taxing entities but would not change the taxes due or policies governing allocations of tax revenue to units of local government, and thus would have no revenue implications. The bill would take effect September 1, 2011.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, KK, SD
JOB, KK, SD