LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 25, 2013 TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1723 by Bohac (Relating to the redemption of certain stored value cards, including gift cards, for cash.), As Introduced No significant fiscal implication to the State is anticipated. The bill would require a seller, at the consumer's request, to refund the balance of certain stored value cards, if that stored value card was redeemed in person to make a purchase and has a balance of less than $5 remaining following the redemption. Based on the analysis of the Comptroller of Public Accounts, implementation of the provisions of the bill is not anticipated to have a significant fiscal impact. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, RB, EP, LCO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 25, 2013
TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1723 by Bohac (Relating to the redemption of certain stored value cards, including gift cards, for cash.), As Introduced
TO: Honorable René Oliveira, Chair, House Committee on Business & Industry
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1723 by Bohac (Relating to the redemption of certain stored value cards, including gift cards, for cash.), As Introduced
Honorable René Oliveira, Chair, House Committee on Business & Industry
Honorable René Oliveira, Chair, House Committee on Business & Industry
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1723 by Bohac (Relating to the redemption of certain stored value cards, including gift cards, for cash.), As Introduced
HB1723 by Bohac (Relating to the redemption of certain stored value cards, including gift cards, for cash.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require a seller, at the consumer's request, to refund the balance of certain stored value cards, if that stored value card was redeemed in person to make a purchase and has a balance of less than $5 remaining following the redemption. Based on the analysis of the Comptroller of Public Accounts, implementation of the provisions of the bill is not anticipated to have a significant fiscal 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: UP, RB, EP, LCO
UP, RB, EP, LCO