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