LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 13, 2015 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1261 by King, Susan (Relating to the comptroller's report on the effect of certain tax provisions.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend Chapter 403, Government Code, to provide additional requirements for the Comptroller of Public Accounts when preparing the report required under Section 403.014 regarding the effect of exemptions, discounts, exclusions, special valuations, special accounting treatments, special rates, and special methods of reporting relating to certain taxes. The Comptroller of Public Accounts indicates that any costs associated with the bill could be absorbed within the agency's existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, EP, LCO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 13, 2015
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1261 by King, Susan (Relating to the comptroller's report on the effect of certain tax provisions.), As Engrossed
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1261 by King, Susan (Relating to the comptroller's report on the effect of certain tax provisions.), As Engrossed
Honorable Jane Nelson, Chair, Senate Committee on Finance
Honorable Jane Nelson, Chair, Senate Committee on Finance
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1261 by King, Susan (Relating to the comptroller's report on the effect of certain tax provisions.), As Engrossed
HB1261 by King, Susan (Relating to the comptroller's report on the effect of certain tax provisions.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 403, Government Code, to provide additional requirements for the Comptroller of Public Accounts when preparing the report required under Section 403.014 regarding the effect of exemptions, discounts, exclusions, special valuations, special accounting treatments, special rates, and special methods of reporting relating to certain taxes. The Comptroller of Public Accounts indicates that any costs associated with the bill could be absorbed within the agency's existing resources.
Local Government Impact
No 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, EP, LCO
UP, KK, EP, LCO