LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 26, 2021 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB778 by Hinojosa (Relating to the review by local governmental entities of certain sales and use tax audit reports and audit working papers.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Section 321.510 of the Tax Code, regarding the reallocation of local sales tax revenue, to add audit reports and audit working papers to the documents the Comptroller must make available to municipalities or local governments when requested under this section.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.According to the Comptroller of Public Accounts, the bill would have no revenue implications for the state or units of local government. 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
March 26, 2021
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB778 by Hinojosa (Relating to the review by local governmental entities of certain sales and use tax audit reports and audit working papers.), As Introduced
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB778 by Hinojosa (Relating to the review by local governmental entities of certain sales and use tax audit reports and audit working papers.), As Introduced
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
SB778 by Hinojosa (Relating to the review by local governmental entities of certain sales and use tax audit reports and audit working papers.), As Introduced
SB778 by Hinojosa (Relating to the review by local governmental entities of certain sales and use tax audit reports and audit working papers.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Section 321.510 of the Tax Code, regarding the reallocation of local sales tax revenue, to add audit reports and audit working papers to the documents the Comptroller must make available to municipalities or local governments when requested under this section.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.According to the Comptroller of Public Accounts, the bill would have no revenue implications for the state or units of local government.
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