Instructing the enrolling clerk of the house to make corrections in H.B. No. 500.
If enacted, the adjustments in HCR221 would have implications for how taxable entities within Texas can calculate their tax obligations. The modifications provided in the resolution stress the need for a certification from the comptroller to ensure that state revenue is projected to exceed certain thresholds before these alternative tax computations can be applied. This mechanism is designed to protect the state's fiscal integrity while accommodating different tax options for entities.
HCR221 is a concurrent resolution that addresses a specific technical error in House Bill No. 500, which has already been adopted by both houses of the Texas legislature. The resolution instructs the enrolling clerk of the house to make a correction concerning the computation of tax by taxable entities under the Tax Code. This modification ensures that entities opting for different tax computation rates can do so only under certain revenue conditions set by the comptroller, effective from a specified date in 2014.
The sentiment surrounding HCR221 appears to be largely procedural, aimed at correcting a minor yet significant error in the previously approved bill, HB 500. Given its technical nature, the discussions around this resolution are less likely to be contentious compared to more substantive legislation. The resolution's status as a correction conveys a sense of consensus among legislators about the necessity of accuracy in legislative language and fiscal responsibility.
As HCR221 is primarily a technical correction, the contention primarily arises regarding the process of tax computation and the reliance on the comptroller’s certification. While the resolution aims to prevent potential revenue loss, there may be concerns among stakeholders about the implications of a governmental body (the comptroller) determining the eligibility for tax computation options, which could affect revenue distribution. However, no substantial opposition or significant debate was noted in the voting history, indicating general agreement on the need for these corrections.