LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 17, 2021 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2625 by Noble (Relating to excluding the furnishing of an academic transcript from the definition of "information service" for purposes of sales and use taxes.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend Section 151.0038 of the Tax Code to provide that the furnishing of an academic transcript is not included in the definition of a taxable information service for purposes of the sales and use tax.Only private institutions currently are required to collect sales tax on academic transcripts. Based on a sample of published transcript fees at affected institutions and expected frequency of transcript requests, it is inferred that revenue collections from this source are negligible.The bill would take effect October 1, 2021. Local Government ImpactNo significant 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
May 17, 2021
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2625 by Noble (Relating to excluding the furnishing of an academic transcript from the definition of "information service" for purposes of sales and use taxes.), As Engrossed
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB2625 by Noble (Relating to excluding the furnishing of an academic transcript from the definition of "information service" for purposes of sales and use taxes.), As Engrossed
Honorable Jane Nelson, Chair, Senate Committee on Finance
Honorable Jane Nelson, Chair, Senate Committee on Finance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB2625 by Noble (Relating to excluding the furnishing of an academic transcript from the definition of "information service" for purposes of sales and use taxes.), As Engrossed
HB2625 by Noble (Relating to excluding the furnishing of an academic transcript from the definition of "information service" for purposes of sales and use taxes.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Section 151.0038 of the Tax Code to provide that the furnishing of an academic transcript is not included in the definition of a taxable information service for purposes of the sales and use tax.Only private institutions currently are required to collect sales tax on academic transcripts. Based on a sample of published transcript fees at affected institutions and expected frequency of transcript requests, it is inferred that revenue collections from this source are negligible.The bill would take effect October 1, 2021.
Local Government Impact
No significant 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