LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 23, 2011 TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB776 by Zaffirini (Relating to customs brokers.), As Engrossed Estimated Two-year Net Impact to General Revenue Related Funds for SB776, As Engrossed: a positive impact of $1,000,000 through the biennium ending August 31, 2013.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 23, 2011
TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB776 by Zaffirini (Relating to customs brokers.), As Engrossed
TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB776 by Zaffirini (Relating to customs brokers.), As Engrossed
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
SB776 by Zaffirini (Relating to customs brokers.), As Engrossed
SB776 by Zaffirini (Relating to customs brokers.), As Engrossed
Estimated Two-year Net Impact to General Revenue Related Funds for SB776, As Engrossed: a positive impact of $1,000,000 through the biennium ending August 31, 2013.
Estimated Two-year Net Impact to General Revenue Related Funds for SB776, As Engrossed: a positive impact of $1,000,000 through the biennium ending August 31, 2013.
General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2012 $500,000 2013 $500,000 2014 $500,000 2015 $500,000 2016 $500,000
2012 $500,000
2013 $500,000
2014 $500,000
2015 $500,000
2016 $500,000
All Funds, Five-Year Impact: Fiscal Year Probable Revenue Gain fromGeneral Revenue Fund1 2012 $500,000 2013 $500,000 2014 $500,000 2015 $500,000 2016 $500,000
Fiscal Year Probable Revenue Gain fromGeneral Revenue Fund1 2012 $500,000 2013 $500,000 2014 $500,000 2015 $500,000 2016 $500,000
2012 $500,000
2013 $500,000
2014 $500,000
2015 $500,000
2016 $500,000
Fiscal Analysis
The bill would partially implement recommendations from the report, "Strengthen Sales Tax Enforcement Related to Customs Brokers and Increase the Charge for Export Stamps," in the Legislative Budget Board's (LBB) Government Effectiveness and Efficiency Report submitted to the Eighty-Second Texas Legislature, 2011. The bill would amend Chapter 151, Tax Code relating to customs brokers. The bill would eliminate the requirement that the comptroller provide an alternate method to show documentation of exemption of tangible personal property when the website for such documentation is unavailable. The bill would provide that the comptroller may suspend or revoke a customs broker license if the licensee does not comply with statute or issues false documentation. The bill would require that export documentation include a declaration that the customs broker or authorized employee inspected the property and the original receipt for the property. The bill would increase the charge for each export stamp from $1.60 to $2.10 and require the increase to be used for enforcement of the laws relating to customs brokers. The bill would take effect September 1, 2011.
The bill would partially implement recommendations from the report, "Strengthen Sales Tax Enforcement Related to Customs Brokers and Increase the Charge for Export Stamps," in the Legislative Budget Board's (LBB) Government Effectiveness and Efficiency Report submitted to the Eighty-Second Texas Legislature, 2011.
The bill would amend Chapter 151, Tax Code relating to customs brokers. The bill would eliminate the requirement that the comptroller provide an alternate method to show documentation of exemption of tangible personal property when the website for such documentation is unavailable. The bill would provide that the comptroller may suspend or revoke a customs broker license if the licensee does not comply with statute or issues false documentation. The bill would require that export documentation include a declaration that the customs broker or authorized employee inspected the property and the original receipt for the property. The bill would increase the charge for each export stamp from $1.60 to $2.10 and require the increase to be used for enforcement of the laws relating to customs brokers. The bill would take effect September 1, 2011.
Methodology
The revenue gain was estimated by multiplying the estimate of the number of export certificates by the increase in the fee. The bill would have no administrative cost.
The revenue gain was estimated by multiplying the estimate of the number of export certificates by the increase in the fee. The bill would have no administrative cost.
Technology
The bill would have no technological impact.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, RS, KK, JI
JOB, RS, KK, JI