LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                            February 19, 1999
  
  
          TO:  Honorable J.E. "Buster" Brown, Chair, Senate Committee on
               Natural Resources
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB329 by Haywood (Relating to the date on which certain
               tax payments are due.), As Introduced
  
**************************************************************************
*  Two-year Net Impact to General Revenue Related Funds for SB329, As    *
*  Introduced:  negative impact of $(42,039,000) through the biennium    *
*  ending August 31, 2001.                                               *
*                                                                        *
*  The bill would make no appropriation but could provide the legal      *
*  basis for an appropriation of funds to implement the provisions of    *
*  the bill.                                                             *
**************************************************************************
  
General Revenue-Related Funds, Five-Year Impact:
  
          ****************************************************
          *  Fiscal Year  Probable Net Positive/(Negative)   *
          *               Impact to General Revenue Related  *
          *                             Funds                *
          *       2000                                   $0  *
          *       2001                         (42,039,000)  *
          *       2002                           42,039,000  *
          *       2003                         (41,516,000)  *
          *       2004                           41,516,000  *
          ****************************************************
  
All Funds, Five-Year Impact:
  
***************************************************************************
*Fiscal    Probable Revenue Gain/(Loss)    Probable Revenue Gain/(Loss)   *
* Year      from General Revenue Fund      from Foundation School Fund    *
*                      0001                            0193               *
*  2000                                $0                              $0 *
*  2001                      (10,510,000)                    (31,529,000) *
*  2002                        10,510,000                      31,529,000 *
*  2003                      (10,379,000)                    (31,137,000) *
*  2004                        10,379,000                      31,137,000 *
***************************************************************************
  
Fiscal Analysis
  
The bill would repeal, effective September 1, 1999, certain payment date
provisions for the gasoline tax, the diesel fuel tax, the oil production
tax, and the natural gas tax.

The bill would repeal current requirements that on or before August 15th
of each odd-numbered year, payers of the gasoline, the diesel, and the
oil production tax must remit an estimated August payment basically equal
to the amount of tax due the previous month.

The bill would also repeal current requirements that payers of the
natural gas tax remit in August of each odd-numbered year a payment
based on estimated July natural gas production.
  
  
Methodology
  
This note was developed from a Comptroller's estimate of the bill's
fiscal implications.
  
  
Local Government Impact
  
No fiscal implication to units of local government is anticipated.
  
  
Source Agencies:   
LBB Staff:         JK, DE, BR, CT