| 1 | 1 | | 85R1566 ADM-F |
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| 2 | 2 | | By: Davis of Dallas H.B. No. 1139 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the comptroller's report on the effect of certain tax |
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| 8 | 8 | | provisions. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 403.014(b), Government Code, is amended |
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| 11 | 11 | | to read as follows: |
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| 12 | 12 | | (b) The report must include: |
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| 13 | 13 | | (1) an analysis of each special provision that reduces |
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| 14 | 14 | | the amount of tax payable, to include an estimate of the loss of |
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| 15 | 15 | | revenue for a six-year period including the current fiscal biennium |
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| 16 | 16 | | and a citation of the statutory or legal authority for the |
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| 17 | 17 | | provision; [and] |
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| 18 | 18 | | (2) for provisions reducing revenue by more than one |
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| 19 | 19 | | percent of total revenue for a tax covered by this section: |
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| 20 | 20 | | (A) the effect of each provision on the |
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| 21 | 21 | | distribution of the tax burden by income class and industry or |
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| 22 | 22 | | business class, as appropriate; and |
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| 23 | 23 | | (B) the effect of each provision on total income |
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| 24 | 24 | | by income class; and |
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| 25 | 25 | | (3) for each entity, including a corporation or other |
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| 26 | 26 | | business entity, that receives a reduction of taxes payable as a |
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| 27 | 27 | | result of a special provision, the actual dollar amount of the |
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| 28 | 28 | | reduction the entity received since the most recent report under |
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| 29 | 29 | | this section, regardless of whether the information is otherwise |
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| 30 | 30 | | confidential under state law, including Sections 111.006 and |
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| 31 | 31 | | 151.027, Tax Code. |
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| 32 | 32 | | SECTION 2. This Act takes effect September 1, 2017. |
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