BILL ANALYSIS Senate Research Center S.B. 1356 84R9912 GRM-D By: Hinojosa Finance 4/1/2015 As Filed
BILL ANALYSIS
Senate Research Center S.B. 1356
84R9912 GRM-D By: Hinojosa
Finance
4/1/2015
As Filed
Senate Research Center
S.B. 1356
84R9912 GRM-D
By: Hinojosa
Finance
4/1/2015
As Filed
AUTHOR'S / SPONSOR'S STATEMENT OF INTENT According to experts, water conservation is the least expensive way to ensure an adequate water supply. Water-efficient products save consumers money and reduce consumption rates for the state's valuable water resources, which are ever more valuable due to ongoing drought conditions. There is currently an annual sales tax holiday for energy-efficient products intended to encourage consumers to replace inefficient home appliances and reduce energy consumption, but water-efficient products are not included in the holiday. S.B. 1356 seeks to encourage consumers to replace water-inefficient products and implement water saving technologies within their homes. As proposed, S.B. 1356 amends current law relating to exemption from the sales tax for certain water-efficient products for a limited period. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Subchapter H, Chapter 151, Tax Code, by adding Section 151.3335, as follows: Sec. 151.3335. WATER-EFFICIENT PRODUCTS. (a) Defines "WaterSense product." (b) Provides that the sale of a WaterSense product is exempted from the taxes imposed by this chapter if the sale takes place during the period described by Section 151.333(c) (relating to the sale of energy-efficient products during a certain time period). SECTION 2. Effective date: upon passage or October 1, 2015.
AUTHOR'S / SPONSOR'S STATEMENT OF INTENT
According to experts, water conservation is the least expensive way to ensure an adequate water supply. Water-efficient products save consumers money and reduce consumption rates for the state's valuable water resources, which are ever more valuable due to ongoing drought conditions.
There is currently an annual sales tax holiday for energy-efficient products intended to encourage consumers to replace inefficient home appliances and reduce energy consumption, but water-efficient products are not included in the holiday.
S.B. 1356 seeks to encourage consumers to replace water-inefficient products and implement water saving technologies within their homes.
As proposed, S.B. 1356 amends current law relating to exemption from the sales tax for certain water-efficient products for a limited period.
RULEMAKING AUTHORITY
This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Subchapter H, Chapter 151, Tax Code, by adding Section 151.3335, as follows:
Sec. 151.3335. WATER-EFFICIENT PRODUCTS. (a) Defines "WaterSense product."
(b) Provides that the sale of a WaterSense product is exempted from the taxes imposed by this chapter if the sale takes place during the period described by Section 151.333(c) (relating to the sale of energy-efficient products during a certain time period).
SECTION 2. Effective date: upon passage or October 1, 2015.