LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION April 12, 2013 TO: Honorable John Davis, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2482 by Alvarado (Relating to a study to determine the reasons major manufacturers have chosen to invest in other states after considering development in this state.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would require the Comptroller of Public Accounts to conduct a study on the reasons why major manufacturers, as defined by the bill, have chosen to invest in other states after being offered economic incentives by the State of Texas or by a local government to develop in Texas. Not later than December 1, 2014, the study would be provided to the Speaker of the House of Representatives, Lieutenant Governor, Governor, and each standing committee of the Legislature that has relevant jurisdiction. The bill would take effect immediately upon receiving a two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2013. The agency estimates there would be a cost associated with implementing the provisions of the bill. It is anticipated that the additional costs could be absorbed within existing resources. 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
April 12, 2013
TO: Honorable John Davis, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2482 by Alvarado (Relating to a study to determine the reasons major manufacturers have chosen to invest in other states after considering development in this state.), Committee Report 1st House, Substituted
TO: Honorable John Davis, Chair, House Committee on Economic & Small Business Development
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2482 by Alvarado (Relating to a study to determine the reasons major manufacturers have chosen to invest in other states after considering development in this state.), Committee Report 1st House, Substituted
Honorable John Davis, Chair, House Committee on Economic & Small Business Development
Honorable John Davis, Chair, House Committee on Economic & Small Business Development
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2482 by Alvarado (Relating to a study to determine the reasons major manufacturers have chosen to invest in other states after considering development in this state.), Committee Report 1st House, Substituted
HB2482 by Alvarado (Relating to a study to determine the reasons major manufacturers have chosen to invest in other states after considering development in this state.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require the Comptroller of Public Accounts to conduct a study on the reasons why major manufacturers, as defined by the bill, have chosen to invest in other states after being offered economic incentives by the State of Texas or by a local government to develop in Texas. Not later than December 1, 2014, the study would be provided to the Speaker of the House of Representatives, Lieutenant Governor, Governor, and each standing committee of the Legislature that has relevant jurisdiction. The bill would take effect immediately upon receiving a two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2013. The agency estimates there would be a cost associated with implementing the provisions of the bill. It is anticipated that the additional costs could be absorbed within existing resources.
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