LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 18, 2013 TO: Honorable Tommy Williams, Chair, Senate Committee On Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB446 by Eltife (Relating to allowable transfers to the Parks and Wildlife Department and the Texas Historical Commission of proceeds from the taxes on the sale, storage, or use of sporting goods.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for SB446, As Introduced: a negative impact of ($7,378,822) through the biennium ending August 31, 2015. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 18, 2013
TO: Honorable Tommy Williams, Chair, Senate Committee On Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB446 by Eltife (Relating to allowable transfers to the Parks and Wildlife Department and the Texas Historical Commission of proceeds from the taxes on the sale, storage, or use of sporting goods.), As Introduced
TO: Honorable Tommy Williams, Chair, Senate Committee On Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB446 by Eltife (Relating to allowable transfers to the Parks and Wildlife Department and the Texas Historical Commission of proceeds from the taxes on the sale, storage, or use of sporting goods.), As Introduced
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
SB446 by Eltife (Relating to allowable transfers to the Parks and Wildlife Department and the Texas Historical Commission of proceeds from the taxes on the sale, storage, or use of sporting goods.), As Introduced
SB446 by Eltife (Relating to allowable transfers to the Parks and Wildlife Department and the Texas Historical Commission of proceeds from the taxes on the sale, storage, or use of sporting goods.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for SB446, As Introduced: a negative impact of ($7,378,822) through the biennium ending August 31, 2015. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Estimated Two-year Net Impact to General Revenue Related Funds for SB446, As Introduced: a negative impact of ($7,378,822) through the biennium ending August 31, 2015.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2014 ($3,689,411) 2015 ($3,689,411) 2016 ($3,689,411) 2017 ($3,689,411) 2018 ($3,689,411)
2014 ($3,689,411)
2015 ($3,689,411)
2016 ($3,689,411)
2017 ($3,689,411)
2018 ($3,689,411)
All Funds, Five-Year Impact: Fiscal Year Probable Revenue (Loss) fromGeneral Revenue Fund1 Probable Revenue Gain fromState Parks Acct64 Probable Revenue Gain fromLocal Parks Account467 Probable Revenue Gain fromLarge Cnty & Muni Rec & Parks5150 2014 ($3,689,411) $3,550,316 $74,924 $64,171 2015 ($3,689,411) $3,550,316 $74,924 $64,171 2016 ($3,689,411) $3,550,316 $74,924 $64,171 2017 ($3,689,411) $3,550,316 $74,924 $64,171 2018 ($3,689,411) $3,550,316 $74,924 $64,171
Fiscal Year Probable Revenue (Loss) fromGeneral Revenue Fund1 Probable Revenue Gain fromState Parks Acct64 Probable Revenue Gain fromLocal Parks Account467 Probable Revenue Gain fromLarge Cnty & Muni Rec & Parks5150 2014 ($3,689,411) $3,550,316 $74,924 $64,171 2015 ($3,689,411) $3,550,316 $74,924 $64,171 2016 ($3,689,411) $3,550,316 $74,924 $64,171 2017 ($3,689,411) $3,550,316 $74,924 $64,171 2018 ($3,689,411) $3,550,316 $74,924 $64,171
2014 ($3,689,411) $3,550,316 $74,924 $64,171
2015 ($3,689,411) $3,550,316 $74,924 $64,171
2016 ($3,689,411) $3,550,316 $74,924 $64,171
2017 ($3,689,411) $3,550,316 $74,924 $64,171
2018 ($3,689,411) $3,550,316 $74,924 $64,171
Fiscal Analysis
The bill would amend Section 151.801(c-1) of the Tax Code regarding the amount of proceeds from the taxes on the sale, storage, or use of sporting goods the Comptroller is to credit to Texas Park and Wildlife Department. Under the provisions of this bill and in addition to the appropriated amounts of sporting goods sales tax (SGST) to be credited to the Texas Parks and Wildlife Department, the Comptroller would be required to transfer additional amounts of SGST sufficient to fund certain employee benefits costs. The bill would take effect September 1, 2013.
Methodology
The Comptroller estimated the fiscal impacts of the bill based on the Comptroller's 2014-15 Biennial Revenue Estimate. The Comptrollers estimates were based on general revenue-dedicated accounts utilized by the TPWD that are currently appropriated SGST and only reflect employee benefits associated with the SGST portion of the accounts. In future fiscal years, benefits paid from the SGST proceeds, as appropriated, may involve additional transfers to the General Revenue-Dedicated Texas Parks and Wildlife Conservation and Capital Account No. 5004. As TPWD received no appropriations of SGST proceeds to transfer to this account in the 2012-13 biennium, any projected amounts are not included here.
The Comptroller estimated the fiscal impacts of the bill based on the Comptroller's 2014-15 Biennial Revenue Estimate. The Comptrollers estimates were based on general revenue-dedicated accounts utilized by the TPWD that are currently appropriated SGST and only reflect employee benefits associated with the SGST portion of the accounts.
In future fiscal years, benefits paid from the SGST proceeds, as appropriated, may involve additional transfers to the General Revenue-Dedicated Texas Parks and Wildlife Conservation and Capital Account No. 5004. As TPWD received no appropriations of SGST proceeds to transfer to this account in the 2012-13 biennium, any projected amounts are not included here.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 802 Parks and Wildlife Department
304 Comptroller of Public Accounts, 802 Parks and Wildlife Department
LBB Staff: UP, KK, ZS, TB
UP, KK, ZS, TB