SRC-PNG C.S.S.B. 859 76(R)BILL ANALYSIS Senate Research CenterC.S.S.B. 859 76R13850 CBH-DBy: Shapleigh Finance 5/3/1999 Committee Report (Substituted - REVISED) DIGEST Currently, the comptroller of public accounts (comptroller) is not required to report the effect of certain tax exemptions on total income by income class or by ethnic group. The comptroller is also not required to report the final effect or incidence of each tax on total income by income group or by ethnic group. This bill would require the comptroller to report the effect of certain tax exemptions on total income by income class and the final effect of each tax on total income by income group. PURPOSE As proposed, C.S.S.B. 859 requires the comptroller of public accounts to report the effect of certain tax exemptions on total income by income class and the final effect of each tax on total income by income group. RULEMAKING AUTHORITY This bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 403.014(b), Government Code, to require the comptroller of public account's report on the effect of certain tax provisions to include, for provisions reducing revenue by more than one percent of total revenue for a tax covered by this section, the effect of each provision on the distribution of the tax burden by income class and industry or business class, and the effect of each provision on total income by income class. Makes conforming changes. SECTION 2. Amends Section 403.0141(c), Government Code, to require the analysis to evaluate the effect of each tax on total income by income group. Requires the analysis to use the broadest measure of economic income for which reliable data is available and include a statement of the incidence assumptions that were used in making the analysis. SECTION 3. Effective date: September 1, 1999. SECTION 4. Emergency clause. SUMMARY OF COMMITTEE CHANGES SECTION 1. Amends Section 403.014(b), Government Code, to require the comptroller of public account's report on the effect of certain tax provisions to include, for provisions reducing revenue by more than one percent of total revenue for a tax covered by this section, the effect of each provision on the distribution of the tax burden by income class and industry or business class. Deletes proposed provisions regarding the effect of each provision on the distribution of the tax burden by ethnic group. Makes conforming changes. SECTION 2. Amends Section 403.0141(c), Government Code, to make conforming changes.