LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 16, 2025 TO: Honorable Joan Huffman, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2873 by Kolkhorst (relating to the requirement that certain tax reports be filed electronically.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The bill would allow the Comptroller to require a taxpayer who paid $10,000 or more during the preceding fiscal year to file reports electronically during the current fiscal year. Under current law, the tax-paid threshold is $50,000. According to the Comptroller, the bill would have no revenue impacts. The bill would take effect September 1, 2025. 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, 89TH LEGISLATIVE REGULAR SESSION
April 16, 2025
TO: Honorable Joan Huffman, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2873 by Kolkhorst (relating to the requirement that certain tax reports be filed electronically.), Committee Report 1st House, Substituted
TO: Honorable Joan Huffman, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB2873 by Kolkhorst (relating to the requirement that certain tax reports be filed electronically.), Committee Report 1st House, Substituted
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
SB2873 by Kolkhorst (relating to the requirement that certain tax reports be filed electronically.), Committee Report 1st House, Substituted
SB2873 by Kolkhorst (relating to the requirement that certain tax reports be filed electronically.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would allow the Comptroller to require a taxpayer who paid $10,000 or more during the preceding fiscal year to file reports electronically during the current fiscal year. Under current law, the tax-paid threshold is $50,000. According to the Comptroller, the bill would have no revenue impacts. The bill would take effect September 1, 2025.
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