LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 20, 2013 TO: Honorable Tommy Williams, Chair, Senate Committee On Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SJR12 by Ellis (Proposing a constitutional amendment requiring the periodic review of state and local tax preferences and providing an expiration date for certain tax preferences.), As Introduced No significant fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $108,921. The joint resolution would propose an amendment to the Texas Constitution stating that the Legislature shall require for the periodic review of state and local tax preferences. The constitutional amendment would also sunset all tax preferences enacted after September 1, 2014 six years after their enactment date. The proposed constitutional amendment would be submitted to voters on November 5, 2013. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: UP, KK, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 20, 2013
TO: Honorable Tommy Williams, Chair, Senate Committee On Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SJR12 by Ellis (Proposing a constitutional amendment requiring the periodic review of state and local tax preferences and providing an expiration date for certain tax preferences.), As Introduced
TO: Honorable Tommy Williams, Chair, Senate Committee On Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SJR12 by Ellis (Proposing a constitutional amendment requiring the periodic review of state and local tax preferences and providing an expiration date for certain tax preferences.), 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
SJR12 by Ellis (Proposing a constitutional amendment requiring the periodic review of state and local tax preferences and providing an expiration date for certain tax preferences.), As Introduced
SJR12 by Ellis (Proposing a constitutional amendment requiring the periodic review of state and local tax preferences and providing an expiration date for certain tax preferences.), As Introduced
No significant fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $108,921.
No significant fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $108,921.
The cost to the state for publication of the resolution is $108,921.
The joint resolution would propose an amendment to the Texas Constitution stating that the Legislature shall require for the periodic review of state and local tax preferences. The constitutional amendment would also sunset all tax preferences enacted after September 1, 2014 six years after their enactment date. The proposed constitutional amendment would be submitted to voters on November 5, 2013.
The joint resolution would propose an amendment to the Texas Constitution stating that the Legislature shall require for the periodic review of state and local tax preferences. The constitutional amendment would also sunset all tax preferences enacted after September 1, 2014 six years after their enactment date.
The proposed constitutional amendment would be submitted to voters on November 5, 2013.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: UP, KK, SD
UP, KK, SD