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