LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
April 14, 1997
TO: Honorable Bill Ratliff, Chair IN RE: House Bill No. 834,
As Engrossed
Committee on Finance By: Junell
Senate
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on HB834 ( relating
to the delay of certain payments or transfers from the general
revenue fund) this office has detemined the following:
Biennial Net Impact to General Revenue Funds by HB834-As Engrossed
Implementing the provisions of the bill would result in a net
positive impact of $317,414,000 to General Revenue Related Funds
through the biennium ending August 31, 1999, regardless of the
effective date.
Fiscal Analysis
The bill would amend Section 1, Chapter 111 of the Acts of the
74th Legislature, Regular Session to delay the transfer of the
State Highway Fund 0006 portion of motor fuels taxes collected
in June, July and August 1999. Under the bill, the amounts
delayed would be transferred between September 5 and September
10, 1999 rather than in the months immediately following the
revenue collections.
Under the current Chapter 153 of
the Tax Code, the allocation of August motor fuels tax collections
are not made until the following month. This bill would have
no effect on the allocation of August motor fuels tax collections.
Under
current law the provision concerning the delay of allocating
June and July collections will expire on October 1, 1997.
This bill would extend the expiration date to October 1, 1999.
If
the bill were to take effect immediately, the currently scheduled
allocation delay of the State Highway Fund portion of the motor
fuels taxes collected in June and July 1997 would be repealed.
The
bill would become effective immediately upon enactment, assuming
that it received the requisite two-thirds majority votes in
both houses of the Legislature. Otherwise, it would become
effective 90 days after adjournment.
Methodolgy
The projected allocation of motor fuels tax revenue to the State
Highway Fund for June and July was taken from the Comptroller
of Public Accounts 1998-99 Biennial Revenue Estimate. This
would delay or repeal a delay in tax allocations, creating an
offset the following fiscal year.
The first table assumes
an immediate effective date. The second table assumes that
the bill is effective 90 days after adjournment.
The probable fiscal implications of implementing the provisions
of the bill during each of the first five years following passage
is estimated as follows:
Five Year Impact:
Fiscal Year Probable Revenue Probable Revenue
Gain/(Loss) from Gain/(Loss) from
General Revenue State Highway Fund
Fund
0001 0006
1997 ($304,472,000) $304,472,000
1997 304,472,000 (304,472,000)
1999 317,414,000 (317,414,000)
2000 (317,414,000) 317,414,000
2001 0 0
Fiscal Year Probable Revenue Probable Revenue
Gain/(Loss) from Gain/(Loss) from
General Revenue State Highway Fund
Fund
0001 0006
1997 $0 $0
1998 0 0
1999 317,414,000 (317,414,000)
2000 (317,414,000) 317,414,000
2001 0 0
2002 0 0
No fiscal implication to units of local government is anticipated.
Source: Agencies: 304 Comptroller of Public Accounts
601 Department of Transportation
LBB Staff: JK ,RR ,CT