LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 15, 2015 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1125 by Taylor, Van (relating to the application of the motor vehicle sales tax to the sale of a new motor vehicle to certain manufacturers or distributors.), Committee Report 1st House, Substituted There could be an indeterminate change in motor vehicle sales tax collections depending on the number of vehicles sold to a manufacturer or distributor. The 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." This bill would take effect September 1, 2015. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 15, 2015
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1125 by Taylor, Van (relating to the application of the motor vehicle sales tax to the sale of a new motor vehicle to certain manufacturers or distributors.), Committee Report 1st House, Substituted
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1125 by Taylor, Van (relating to the application of the motor vehicle sales tax to the sale of a new motor vehicle to certain manufacturers or distributors.), Committee Report 1st House, Substituted
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
SB1125 by Taylor, Van (relating to the application of the motor vehicle sales tax to the sale of a new motor vehicle to certain manufacturers or distributors.), Committee Report 1st House, Substituted
SB1125 by Taylor, Van (relating to the application of the motor vehicle sales tax to the sale of a new motor vehicle to certain manufacturers or distributors.), Committee Report 1st House, Substituted
There could be an indeterminate change in motor vehicle sales tax collections depending on the number of vehicles sold to a manufacturer or distributor.
There could be an indeterminate change in motor vehicle sales tax collections depending on the number of vehicles sold to a manufacturer or distributor.
The 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." This bill would take effect September 1, 2015.
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
UP, KK