LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
 
March 24, 2021

TO:
Honorable Jane Nelson, Chair, Senate Committee on Finance
 
FROM:
Jerry McGinty, Director, Legislative Budget Board
 
IN RE:
SB478 by Nelson (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.

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, it is inferred that revenue collections from this source are negligible.

The bill would take effect October 1, 2021.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.


Source Agencies:
304 Comptroller of Public Accounts
LBB Staff:
JMc, KK, SD