LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION Revision 1 April 19, 2013 TO: Honorable Tommy Williams, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB475 by Van de Putte (Relating to the expiration of the municipal sales and use tax for street maintenance in certain municipalities.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Chapter 327 of the Tax Code to provide that, for a general-law municipality with a population of 10,000 or more surrounded entirely by a municipality with a population of 1.3 million or more, voters may approve a street maintenance tax reauthorization that expires after the tenth anniversary of the date of last reauthorization. Current law provides for expiration of the tax after the fourth anniversary of the original authorization or last reauthorization. Based on the applicability criteria, the provisions of the bill would apply to the City of Leon Valley. The Comptroller of Public Accounts (CPA) indicated there would be no significant fiscal impact on the state or on the state's cash flow. Local Government Impact According to the analysis by CPA, the bill would allow the reauthorization of a street maintenance tax imposed by Leon Valley. Voters of Leon Valley reauthorized a one-fourth of one cent sales tax in an election held November 8, 2011. The total municipal sales and use tax rate in Leon Valley is 1.375 percent, yielding annual revenue of about $2.5 million. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, SD, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
Revision 1
April 19, 2013
Revision 1
Revision 1
TO: Honorable Tommy Williams, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB475 by Van de Putte (Relating to the expiration of the municipal sales and use tax for street maintenance in certain municipalities.), As Introduced
TO: Honorable Tommy Williams, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB475 by Van de Putte (Relating to the expiration of the municipal sales and use tax for street maintenance in certain municipalities.), 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
SB475 by Van de Putte (Relating to the expiration of the municipal sales and use tax for street maintenance in certain municipalities.), As Introduced
SB475 by Van de Putte (Relating to the expiration of the municipal sales and use tax for street maintenance in certain municipalities.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 327 of the Tax Code to provide that, for a general-law municipality with a population of 10,000 or more surrounded entirely by a municipality with a population of 1.3 million or more, voters may approve a street maintenance tax reauthorization that expires after the tenth anniversary of the date of last reauthorization. Current law provides for expiration of the tax after the fourth anniversary of the original authorization or last reauthorization. Based on the applicability criteria, the provisions of the bill would apply to the City of Leon Valley. The Comptroller of Public Accounts (CPA) indicated there would be no significant fiscal impact on the state or on the state's cash flow.
Local Government Impact
According to the analysis by CPA, the bill would allow the reauthorization of a street maintenance tax imposed by Leon Valley. Voters of Leon Valley reauthorized a one-fourth of one cent sales tax in an election held November 8, 2011. The total municipal sales and use tax rate in Leon Valley is 1.375 percent, yielding annual revenue of about $2.5 million.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, SD, TP
UP, KK, SD, TP