LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 21, 2015 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB2029 by Menéndez (Relating to the expiration of the municipal sales and use tax for street maintenance in certain municipalities.), As Introduced No fiscal implication to the State is anticipated. Local Government Impact The bill would amend Section 327.007, Tax Code, regarding the municipal sales and use tax for street maintenance in a municipality with a population of 10,000 or more surrounded entirely by a municipality with a population of 1.3 million or more. The amendment would provide that the tax expires after the 20th anniversary after the tax was last reauthorized, if the voters approved the tax for that duration. The bill would take effect immediately if it receives a two-thirds vote of the membership of each house of the Legislature, otherwise it would take effect September 1, 2015.The bill would affect the tax reauthorized in the City of Olmos Park in an election held May 10, 2014. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 21, 2015
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB2029 by Menéndez (Relating to the expiration of the municipal sales and use tax for street maintenance in certain municipalities.), As Introduced
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB2029 by Menéndez (Relating to the expiration of the municipal sales and use tax for street maintenance in certain municipalities.), As Introduced
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
SB2029 by Menéndez (Relating to the expiration of the municipal sales and use tax for street maintenance in certain municipalities.), As Introduced
SB2029 by Menéndez (Relating to the expiration of the municipal sales and use tax for street maintenance in certain municipalities.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
Local Government Impact
The bill would amend Section 327.007, Tax Code, regarding the municipal sales and use tax for street maintenance in a municipality with a population of 10,000 or more surrounded entirely by a municipality with a population of 1.3 million or more. The amendment would provide that the tax expires after the 20th anniversary after the tax was last reauthorized, if the voters approved the tax for that duration. The bill would take effect immediately if it receives a two-thirds vote of the membership of each house of the Legislature, otherwise it would take effect September 1, 2015.The bill would affect the tax reauthorized in the City of Olmos Park in an election held May 10, 2014.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, SD
UP, KK, SD