LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 11, 2023 TO: Honorable Jeff Leach, Chair, House Committee on Judiciary & Civil Jurisprudence FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB5232 by Spiller (Relating to civil penalties imposed for violations of the Texas Free Enterprise and Antitrust Act of 1983.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Business and Commerce Code to create a scaled recoveries of civil fines based on the market capitalization of the company that violates the antitrust laws.According to the Office of Court Administration and the Office of the Attorney General, no significant fiscal implications are anticipated from the provisions of the bill.According to the Comptroller's Office, the revenue implications of the bill cannot be determined. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General, 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, KDw, HGR
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 11, 2023
TO: Honorable Jeff Leach, Chair, House Committee on Judiciary & Civil Jurisprudence FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB5232 by Spiller (Relating to civil penalties imposed for violations of the Texas Free Enterprise and Antitrust Act of 1983.), As Introduced
TO: Honorable Jeff Leach, Chair, House Committee on Judiciary & Civil Jurisprudence
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB5232 by Spiller (Relating to civil penalties imposed for violations of the Texas Free Enterprise and Antitrust Act of 1983.), As Introduced
Honorable Jeff Leach, Chair, House Committee on Judiciary & Civil Jurisprudence
Honorable Jeff Leach, Chair, House Committee on Judiciary & Civil Jurisprudence
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB5232 by Spiller (Relating to civil penalties imposed for violations of the Texas Free Enterprise and Antitrust Act of 1983.), As Introduced
HB5232 by Spiller (Relating to civil penalties imposed for violations of the Texas Free Enterprise and Antitrust Act of 1983.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Business and Commerce Code to create a scaled recoveries of civil fines based on the market capitalization of the company that violates the antitrust laws.According to the Office of Court Administration and the Office of the Attorney General, no significant fiscal implications are anticipated from the provisions of the bill.According to the Comptroller's Office, the revenue implications of the bill cannot be determined.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General, 304 Comptroller of Public Accounts
212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General, 304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, KDw, HGR
JMc, KDw, HGR