Texas 2021 - 87th Regular

Texas House Bill HB4401

Caption

Relating to the repeal of certain state and local taxes, including occupation taxes.

Impact

The enactment of HB 4401 would significantly impact existing state and local tax structures. By repealing specific occupation taxes, the bill could lead to a decrease in the revenue collected by local governments, potentially affecting their budgets and ability to fund essential services. Supporters believe that this will create a more favorable business environment, but critics warn that the loss of revenue could detrimentally affect public services and local projects.

Summary

House Bill 4401 proposes the repeal of certain state and local taxes, specifically targeting occupation taxes as outlined in the Occupations Code. The bill aims to reduce the tax burden on individuals and businesses by eliminating these taxes, which have historically been sources of revenue for state and local governments. The proposed repeal seeks to simplify the tax code and alleviate financial pressure on taxpayers, promoting economic activity and potentially attracting new businesses to the state.

Contention

Notable points of contention surrounding HB 4401 include the balance between reducing tax liabilities and ensuring that local governments maintain sufficient funding for public services. Opponents argue that repealing occupation taxes could lead to funding shortfalls, necessitating either cuts to services or the introduction of alternative revenue sources. Proponents counter that the long-term economic benefits and increased tax compliance from a simplified tax structure would outweigh these concerns.

Companion Bills

No companion bills found.

Previously Filed As

TX HB43

Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, and related school finance reform; imposing taxes.

TX HB577

Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, and related school finance reform; imposing taxes.

TX HB268

Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, and related school finance reform; imposing taxes.

TX HB52

Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, and related school finance reform; imposing taxes.

TX HB2226

Relating to state and municipal motor fuel taxes; providing civil penalties; creating criminal offenses; requiring occupational licenses; authorizing the imposition of taxes; providing for increases and decreases in the rates of taxes.

TX HB5089

Relating to the location at which certain sales are consummated for purposes of local sales and use taxes.

TX HB3081

Relating to the deregulation of certain activities and occupations.

TX HB291

Relating to occupational driver's licenses and to the renewal of driver's licenses.

TX HB432

Relating to the location where certain sales are consummated for purposes of local sales and use taxes.

TX HB1683

Relating to the Occupational Therapy Licensure Compact; authorizing fees.

Similar Bills

No similar bills found.