LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 5, 2021 TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1346 by Paddie (Relating to a sales tax refund for sales tax overpayments by certain oil or gas severance taxpayers.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Chapter 151 of the Tax Code regarding refunds of sales tax overpayments by certain oil and gas severance taxpayers.The bill would add Section 151.4305 to provide that a person who files an oil or gas producer's report or first purchaser's report and who does not hold a sales tax permit may file a claim for a refund for sales taxes paid in error to a sales tax permit holder.The bill would expand who may file for a refund of sales tax overpayments to include oil or gas severance taxpayers who do not hold a sales tax permit; however, the bill would not change taxability or the amounts of refunds due. Consequently, the Comptroller indicates there would be no fiscal implications for the state or units of local government. The bill would take effect September 1, 2021. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, KK, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 5, 2021
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1346 by Paddie (Relating to a sales tax refund for sales tax overpayments by certain oil or gas severance taxpayers.), As Introduced
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1346 by Paddie (Relating to a sales tax refund for sales tax overpayments by certain oil or gas severance taxpayers.), As Introduced
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1346 by Paddie (Relating to a sales tax refund for sales tax overpayments by certain oil or gas severance taxpayers.), As Introduced
HB1346 by Paddie (Relating to a sales tax refund for sales tax overpayments by certain oil or gas severance taxpayers.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 151 of the Tax Code regarding refunds of sales tax overpayments by certain oil and gas severance taxpayers.The bill would add Section 151.4305 to provide that a person who files an oil or gas producer's report or first purchaser's report and who does not hold a sales tax permit may file a claim for a refund for sales taxes paid in error to a sales tax permit holder.The bill would expand who may file for a refund of sales tax overpayments to include oil or gas severance taxpayers who do not hold a sales tax permit; however, the bill would not change taxability or the amounts of refunds due. Consequently, the Comptroller indicates there would be no fiscal implications for the state or units of local government. The bill would take effect September 1, 2021.
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
JMc, KK, SD