LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 28, 2021 TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3060 by Button (Relating to disclosure by the comptroller to the purchaser of a business of the amount of tax due.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Section 111.020(c) of the Tax Code to allow the Comptroller to prescribe a form for the purchaser of a business to request a certificate of no tax due for the business being purchased. The bill would add Section 111.020(c-1) to allow the Comptroller to release to the purchaser of a business a certificate of no tax due or a statement of the amount required to be paid before a certificate can be issued. 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, SZ, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 28, 2021
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3060 by Button (Relating to disclosure by the comptroller to the purchaser of a business of the amount of tax due.), As Introduced
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3060 by Button (Relating to disclosure by the comptroller to the purchaser of a business of the amount of tax due.), 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
HB3060 by Button (Relating to disclosure by the comptroller to the purchaser of a business of the amount of tax due.), As Introduced
HB3060 by Button (Relating to disclosure by the comptroller to the purchaser of a business of the amount of tax due.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Section 111.020(c) of the Tax Code to allow the Comptroller to prescribe a form for the purchaser of a business to request a certificate of no tax due for the business being purchased. The bill would add Section 111.020(c-1) to allow the Comptroller to release to the purchaser of a business a certificate of no tax due or a statement of the amount required to be paid before a certificate can be issued.
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, SZ, SD
JMc, KK, SZ, SD