LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 76th Regular Session
May 21, 1999
TO: Honorable Rene Oliveira, Chair, House Committee on Ways &
Means
FROM: John Keel, Director, Legislative Budget Board
IN RE: SB329 by Haywood (relating to the date on which certain
tax payments are due), As Engrossed
**************************************************************************
* Estimated Two-year Net Impact to General Revenue Related Fundsfor *
* SB329, As Engrossed: impact of $0 through the biennium ending *
* August 31, 2001. *
**************************************************************************
General Revenue-Related Funds, Seven-Year Impact:
****************************************************
* Fiscal Year Probable Net Positive/(Negative) *
* Impact to General Revenue Related *
* Funds *
* 2000 $0 *
* 2001 0 *
* 2002 0 *
* 2003 (41,516,000) *
* 2004 41,516,000 *
* 2005 (42,148,000) *
* 2006 42,148,000 *
****************************************************
All Funds, Seven-Year Impact:
***************************************************************************
*Fiscal Probable Revenue Gain/(Loss) Probable Revenue Gain/(Loss) *
* Year from Foundation School Fund from General Revenue Fund *
* 0193 0001 *
* 2000 $0 $0 *
* 2001 0 0 *
* 2002 0 0 *
* 2003 (10,379,000) (31,137,000) *
* 2004 10,379,000 31,137,000 *
* 2005 (10,649,000) (31,499,000) *
* 2006 10,649,000 31,499,000 *
***************************************************************************
Fiscal Analysis
The bill would eliminate certain "speed-up" provisions relating to the
payment of the gasoline tax, the diesel fuel tax, the oil production tax,
and the natural gas tax.
Under current law, in August of each odd-numbered year, gasoline, diesel
fuel, and oil production taxpayers must remit an estimated monthly
payment (basically equal to the amount of tax due the previous month) on
the 15th. In all other months, true monthly payments are due on the
25th. The bill would repeal the three sections that impose the payment
speed-ups.
The bill also would repeal provisions that require, in August of each
odd-numbered year, natural gas taxpayers to remit an estimated July
production payment in August. As such, the payment based on true July
production would become due in September, consistent with the two-month
delay that applies to all other months.
The bill would take effect September 1, 2001.
Methodology
The change in due dates for the oil production, gasoline, and diesel fuel
taxes would have an insignificant fiscal impact given the preponderant
use of electronic return filing and electronic funds transfers.
The change in the due date for the natural gas tax would eliminate the
current cycle of odd-numbered years having 13 months of revenue
collections and even-numbered years having 11 months of revenue
collections. With a September 2001 effective date, odd-year prepayments
would still occur in fiscal 1999 and fiscal 2001.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
LBB Staff: JK, BB, DE, CT