LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION May 7, 2013 TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB158 by Carona (Relating to the average price below which a newspaper is exempt from the sales tax.), As Engrossed No significant fiscal implication to the State is anticipated. This bill would amend Chapter 151 of the Tax Code, regarding the sales and use tax. The bill, in Section 151.319(f), would increase the limitation on the average sales price of a publication that meets the definition of "newspaper" from $1.50 to $3.00. Section 151.319(a) of this code exempts a newspaper from sales and use tax. The amount of sales tax revenue that may currently be collected from sales of newspapers with an average price between $1.50 and $3.00 cannot be determined, but is expected to be negligible. This bill would take effect July 1, 2013, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect October 1, 2013. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
May 7, 2013
TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB158 by Carona (Relating to the average price below which a newspaper is exempt from the sales tax.), As Engrossed
TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB158 by Carona (Relating to the average price below which a newspaper is exempt from the sales tax.), As Engrossed
Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB158 by Carona (Relating to the average price below which a newspaper is exempt from the sales tax.), As Engrossed
SB158 by Carona (Relating to the average price below which a newspaper is exempt from the sales tax.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
This bill would amend Chapter 151 of the Tax Code, regarding the sales and use tax. The bill, in Section 151.319(f), would increase the limitation on the average sales price of a publication that meets the definition of "newspaper" from $1.50 to $3.00. Section 151.319(a) of this code exempts a newspaper from sales and use tax. The amount of sales tax revenue that may currently be collected from sales of newspapers with an average price between $1.50 and $3.00 cannot be determined, but is expected to be negligible. This bill would take effect July 1, 2013, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect October 1, 2013.
This bill would amend Chapter 151 of the Tax Code, regarding the sales and use tax.
The bill, in Section 151.319(f), would increase the limitation on the average sales price of a publication that meets the definition of "newspaper" from $1.50 to $3.00. Section 151.319(a) of this code exempts a newspaper from sales and use tax. The amount of sales tax revenue that may currently be collected from sales of newspapers with an average price between $1.50 and $3.00 cannot be determined, but is expected to be negligible.
This bill would take effect July 1, 2013, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect October 1, 2013.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, SD
UP, KK, SD