LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session February 21, 1999 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John Keel, Director, Legislative Budget Board IN RE: HB230 by West, George "Buddy" (relating to the sales tax on the sale of certain coins and precious metals), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill would amend the Tax Code to lower the sales tax exemption threshold on the total sale price of gold, silver, or numismatic coins or of platinum, gold, or silver bullion. The current threshold of $1,000 would be reduced to $100. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JK, BB, SM