LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 21, 2021 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2857 by Frullo (relating to certain information regarding taxpayers subject to an audit that is provided to members of the public.), Committee Report 2nd House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend Section 111.0075 of the Tax Code, regarding information relating to tax audits.The bill would prohibit the Comptroller from providing information about tax audits to anyone other than the taxpayer before the 14th day after the Comptroller mails the notice of intent to audit to the taxpayer.The bill would repeal the civil penalty for misusing the information obtained under this section.The Comptroller indicates the repeal of the civil penalty in Section 111.0075(d) would not have any significant fiscal implications for the state.The bill would take effect September 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, SZ, SD, KK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
May 21, 2021
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2857 by Frullo (relating to certain information regarding taxpayers subject to an audit that is provided to members of the public.), Committee Report 2nd House, Substituted
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB2857 by Frullo (relating to certain information regarding taxpayers subject to an audit that is provided to members of the public.), Committee Report 2nd House, Substituted
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB2857 by Frullo (relating to certain information regarding taxpayers subject to an audit that is provided to members of the public.), Committee Report 2nd House, Substituted
HB2857 by Frullo (relating to certain information regarding taxpayers subject to an audit that is provided to members of the public.), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Section 111.0075 of the Tax Code, regarding information relating to tax audits.The bill would prohibit the Comptroller from providing information about tax audits to anyone other than the taxpayer before the 14th day after the Comptroller mails the notice of intent to audit to the taxpayer.The bill would repeal the civil penalty for misusing the information obtained under this section.The Comptroller indicates the repeal of the civil penalty in Section 111.0075(d) would not have any significant fiscal implications for the state.The bill would take effect September 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, SZ, SD, KK
JMc, SZ, SD, KK