LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 21, 2021 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB296 by Perry (relating to the date by which a seller must provide resale and exemption certificates to the comptroller in connection with a sales and use tax audit.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The bill would amend Chapter 151, Tax Code to change the deadline for a seller to provide resale and exemption certificates to the comptroller in connection with a sales and use tax audit.The bill would amend Sections 151.054 and 151.104 to require a seller to be in possession of properly completed resale or exemption certificates within 90 days, instead of 60 days, from the date written notice requiring possession of them is given to the seller by the comptroller, or a later date agreed to by the comptroller and the seller. This bill would also allow the comptroller to verify the reason or basis for the exemption claimed in a resale or exemption certificate delivered to the comptroller during this period.The bill would provide for a different time period during which a taxpayer may provide a resale or exemption certificate to the comptroller for sales and use tax audit purposes. However, the bill would not alter an amount of tax due and therefore would have no fiscal implications.The bill would take effect immediately upon enactment, assuming it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it 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 21, 2021
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB296 by Perry (relating to the date by which a seller must provide resale and exemption certificates to the comptroller in connection with a sales and use tax audit.), Committee Report 1st House, Substituted
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB296 by Perry (relating to the date by which a seller must provide resale and exemption certificates to the comptroller in connection with a sales and use tax audit.), Committee Report 1st House, Substituted
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
SB296 by Perry (relating to the date by which a seller must provide resale and exemption certificates to the comptroller in connection with a sales and use tax audit.), Committee Report 1st House, Substituted
SB296 by Perry (relating to the date by which a seller must provide resale and exemption certificates to the comptroller in connection with a sales and use tax audit.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 151, Tax Code to change the deadline for a seller to provide resale and exemption certificates to the comptroller in connection with a sales and use tax audit.The bill would amend Sections 151.054 and 151.104 to require a seller to be in possession of properly completed resale or exemption certificates within 90 days, instead of 60 days, from the date written notice requiring possession of them is given to the seller by the comptroller, or a later date agreed to by the comptroller and the seller. This bill would also allow the comptroller to verify the reason or basis for the exemption claimed in a resale or exemption certificate delivered to the comptroller during this period.The bill would provide for a different time period during which a taxpayer may provide a resale or exemption certificate to the comptroller for sales and use tax audit purposes. However, the bill would not alter an amount of tax due and therefore would have no fiscal implications.The bill would take effect immediately upon enactment, assuming it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it 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