LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 10, 2021 TO: Honorable Greg Bonnen, Chair, House Committee on Appropriations FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1256 by Ashby (Relating to the allocation of certain revenue from mixed beverage gross receipts and sales taxes.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for HB1256, As Introduced : a negative impact of ($20,311,000) through the biennium ending August 31, 2023. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. General Revenue-Related Funds, Five- Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact toGeneral Revenue Related Funds2022($9,878,000)2023($10,433,000)2024($10,954,000)2025($11,514,000)2026($12,127,000)All Funds, Five-Year Impact: Fiscal Year Probable Revenue Gain/(Loss) fromGeneral Revenue Fund1 Probable Revenue Gain/(Loss) fromSpecialty Court51842022($9,878,000)$9,878,0002023($10,433,000)$10,433,0002024($10,954,000)$10,954,0002025($11,514,000)$11,514,0002026($12,127,000)$12,127,000 Fiscal AnalysisThe bill would amend Section 183.053 of the Tax Code regarding disposition of certain mixed beverage tax revenue.The bill would require the Comptroller to deposit one percent of the mixed beverage gross receipts and sales taxes received to the credit of GR Account 5184 - Specialty Court.Note: This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either in, with, or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.The bill would take effect September 1, 2021.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 10, 2021
TO: Honorable Greg Bonnen, Chair, House Committee on Appropriations FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1256 by Ashby (Relating to the allocation of certain revenue from mixed beverage gross receipts and sales taxes.), As Introduced
TO: Honorable Greg Bonnen, Chair, House Committee on Appropriations
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1256 by Ashby (Relating to the allocation of certain revenue from mixed beverage gross receipts and sales taxes.), As Introduced
Honorable Greg Bonnen, Chair, House Committee on Appropriations
Honorable Greg Bonnen, Chair, House Committee on Appropriations
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1256 by Ashby (Relating to the allocation of certain revenue from mixed beverage gross receipts and sales taxes.), As Introduced
HB1256 by Ashby (Relating to the allocation of certain revenue from mixed beverage gross receipts and sales taxes.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for HB1256, As Introduced : a negative impact of ($20,311,000) through the biennium ending August 31, 2023. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Estimated Two-year Net Impact to General Revenue Related Funds for HB1256, As Introduced : a negative impact of ($20,311,000) through the biennium ending August 31, 2023. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five- Year Impact:
2022 ($9,878,000)
2023 ($10,433,000)
2024 ($10,954,000)
2025 ($11,514,000)
2026 ($12,127,000)
All Funds, Five-Year Impact:
2022 ($9,878,000) $9,878,000
2023 ($10,433,000) $10,433,000
2024 ($10,954,000) $10,954,000
2025 ($11,514,000) $11,514,000
2026 ($12,127,000) $12,127,000
Fiscal Analysis
The bill would amend Section 183.053 of the Tax Code regarding disposition of certain mixed beverage tax revenue.The bill would require the Comptroller to deposit one percent of the mixed beverage gross receipts and sales taxes received to the credit of GR Account 5184 - Specialty Court.Note: This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either in, with, or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.The bill would take effect September 1, 2021.
The bill would take effect September 1, 2021.
Methodology
This estimate is based on the mixed beverage gross receipts and sales taxes estimates from the 2022-2023 Biennial Revenue Estimate.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, KK, SD, BRI
JMc, KK, SD, BRI