LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION May 13, 2013 TO: Honorable Tommy Williams, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1511 by Larson (Relating to the rates of sales and use taxes imposed by municipalities; authorizing an increase or decrease in the rate of those taxes.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend various sections of the Tax Code and the Local Government code regarding the sales and use tax rate imposed by political subdivisions in the state. The bill would have no effect on state sales and use tax revenue. The bill would take effect September 1, 2013. Local Government Impact The bill would allow units of local government to change their sales tax rates in one-eighth of a percent increments as the two percent overall cap is not broken. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
May 13, 2013
TO: Honorable Tommy Williams, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1511 by Larson (Relating to the rates of sales and use taxes imposed by municipalities; authorizing an increase or decrease in the rate of those taxes.), As Engrossed
TO: Honorable Tommy Williams, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1511 by Larson (Relating to the rates of sales and use taxes imposed by municipalities; authorizing an increase or decrease in the rate of those taxes.), As Engrossed
Honorable Tommy Williams, Chair, Senate Committee on Finance
Honorable Tommy Williams, Chair, Senate Committee on Finance
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1511 by Larson (Relating to the rates of sales and use taxes imposed by municipalities; authorizing an increase or decrease in the rate of those taxes.), As Engrossed
HB1511 by Larson (Relating to the rates of sales and use taxes imposed by municipalities; authorizing an increase or decrease in the rate of those taxes.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend various sections of the Tax Code and the Local Government code regarding the sales and use tax rate imposed by political subdivisions in the state. The bill would have no effect on state sales and use tax revenue. The bill would take effect September 1, 2013.
The bill would amend various sections of the Tax Code and the Local Government code regarding the sales and use tax rate imposed by political subdivisions in the state.
The bill would have no effect on state sales and use tax revenue.
The bill would take effect September 1, 2013.
Local Government Impact
The bill would allow units of local government to change their sales tax rates in one-eighth of a percent increments as the two percent overall cap is not broken.
The bill would allow units of local government to change their sales tax rates in one-eighth of a percent increments as the two percent overall cap is not broken.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, SD
UP, KK, SD