LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 1, 2015 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2400 by Bohac (Relating to the sale of a new motor vehicle to certain manufacturers or distributors.), As Engrossed Depending upon the number of vehicles sold to a manufacturer or distributor, there could be an indeterminate revenue impact to the state. This bill would amend Chapter 152 of the Tax Code, regarding taxes on motor vehicles. The bill would amend Section 152.001 to exclude the sale of a new motor vehicle to a person who is a manufacturer or distributor as defined by Section 2301.002, Occupations Code, from the definition of a "retail sale." The number of vehicles sold to a manufacturer or distributor is unknown. The fiscal implications of the bill cannot be determined. This bill would take effect September 1, 2015. 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, 84TH LEGISLATIVE REGULAR SESSION
May 1, 2015
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2400 by Bohac (Relating to the sale of a new motor vehicle to certain manufacturers or distributors.), As Engrossed
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2400 by Bohac (Relating to the sale of a new motor vehicle to certain manufacturers or distributors.), 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
HB2400 by Bohac (Relating to the sale of a new motor vehicle to certain manufacturers or distributors.), As Engrossed
HB2400 by Bohac (Relating to the sale of a new motor vehicle to certain manufacturers or distributors.), As Engrossed
Depending upon the number of vehicles sold to a manufacturer or distributor, there could be an indeterminate revenue impact to the state.
Depending upon the number of vehicles sold to a manufacturer or distributor, there could be an indeterminate revenue impact to the state.
This bill would amend Chapter 152 of the Tax Code, regarding taxes on motor vehicles. The bill would amend Section 152.001 to exclude the sale of a new motor vehicle to a person who is a manufacturer or distributor as defined by Section 2301.002, Occupations Code, from the definition of a "retail sale." The number of vehicles sold to a manufacturer or distributor is unknown. The fiscal implications of the bill cannot be determined. This bill would take effect September 1, 2015.
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