LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 21, 2023 TO: Honorable Joan Huffman, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB65 by Zaffirini (Relating to excluding the furnishing of an academic transcript from the definition of "information service" for purposes of sales and use taxes.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Section 151.0038 of the Tax Code to provide that the furnishing of an academic transcript is not included in the definition of a taxable information service for purposes of the sales and use tax.The provisions of the bill would only apply to transcripts provided after the effective date of the bill.Only private institutions currently are required to collect sales tax on academic transcripts. Based on a sample of published transcript fees at affected institutions and expected frequency of transcript requests, revenue collections from this source are estimated to be negligible.The bill would take effect October 1, 2023. Local Government ImpactNo significant 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, 88TH LEGISLATIVE REGULAR SESSION
March 21, 2023
TO: Honorable Joan Huffman, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB65 by Zaffirini (Relating to excluding the furnishing of an academic transcript from the definition of "information service" for purposes of sales and use taxes.), As Introduced
TO: Honorable Joan Huffman, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB65 by Zaffirini (Relating to excluding the furnishing of an academic transcript from the definition of "information service" for purposes of sales and use taxes.), As Introduced
Honorable Joan Huffman, Chair, Senate Committee on Finance
Honorable Joan Huffman, Chair, Senate Committee on Finance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB65 by Zaffirini (Relating to excluding the furnishing of an academic transcript from the definition of "information service" for purposes of sales and use taxes.), As Introduced
SB65 by Zaffirini (Relating to excluding the furnishing of an academic transcript from the definition of "information service" for purposes of sales and use taxes.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Section 151.0038 of the Tax Code to provide that the furnishing of an academic transcript is not included in the definition of a taxable information service for purposes of the sales and use tax.The provisions of the bill would only apply to transcripts provided after the effective date of the bill.Only private institutions currently are required to collect sales tax on academic transcripts. Based on a sample of published transcript fees at affected institutions and expected frequency of transcript requests, revenue collections from this source are estimated to be negligible.The bill would take effect October 1, 2023.
Local Government Impact
No significant 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