LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 6, 2015 TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HJR43 by Raymond (Proposing a constitutional amendment prohibiting the taxation of the sale or use of certain prescription medicine.), As Introduced No fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $118,681. The resolution would propose an amendment to Article VIII of the Texas Constitution, to add new Section 26 to prohibit sales taxation of prescription medicine that was not subject to taxation under Chapter 151 of the Tax Code on January 1, 2015. The resolution would provide that a general law enacted by the 84th Legislature, but prohibited by the new Section 26 of Article VIII of the Texas Constitution, would expire January 1, 2017. The proposed constitutional amendment would be submitted to the voters at an election to be held November 3, 2015, and would be effective thereafter if approved. Local Government Impact No 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
April 6, 2015
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HJR43 by Raymond (Proposing a constitutional amendment prohibiting the taxation of the sale or use of certain prescription medicine.), As Introduced
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HJR43 by Raymond (Proposing a constitutional amendment prohibiting the taxation of the sale or use of certain prescription medicine.), As Introduced
Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HJR43 by Raymond (Proposing a constitutional amendment prohibiting the taxation of the sale or use of certain prescription medicine.), As Introduced
HJR43 by Raymond (Proposing a constitutional amendment prohibiting the taxation of the sale or use of certain prescription medicine.), As Introduced
No fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $118,681.
No fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $118,681.
The resolution would propose an amendment to Article VIII of the Texas Constitution, to add new Section 26 to prohibit sales taxation of prescription medicine that was not subject to taxation under Chapter 151 of the Tax Code on January 1, 2015. The resolution would provide that a general law enacted by the 84th Legislature, but prohibited by the new Section 26 of Article VIII of the Texas Constitution, would expire January 1, 2017. The proposed constitutional amendment would be submitted to the voters at an election to be held November 3, 2015, and would be effective thereafter if approved.
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, SD
UP, KK, SD