Amend HB 2914 (Senate committee report) as follows:
(1) Insert a new section as follows:
SECTION _____. Amend Sec. 403.014(b), Government Code, to
read as follows:
(b) The report must include:
(1) an analysis of each special provision that reduces
the amount of tax payable, to include an estimate of the loss of
revenue for a six-year period including the current fiscal biennium
and a citation of the statutory or legal authority for the
provision; and
(2) for provisions reducing revenue by more than one
percent of total revenue for a tax covered by this section:
(A) the effect of each provision on the
distribution of the tax burden by income class and industry or
business class and by ethnic group, as appropriate; and
(B) The effect of each provision on total income
by income class and by ethnic group, as appropriate.
(2) Insert a new section as follows:
SECTION _____. Subsection (c), Section 403.0141, Government
Code, is amended to read as follows:
(c) To the extent data is available, the incidence impact
analysis under Subsections (a) and (b):
(1) shall evaluate the tax burden:
(A) on the overall income distribution, using a
systemwide incidence measure or other appropriate measures of
equality and inequality; and
(B) on income classes, including, at a minimum,
quintiles of the income distribution, on renters and homeowners, on
industry or business classes, as appropriate, and on various types
of business organizations; and
(C) on ethnic groups;
(2) may evaluate the tax burden:
(A) by other appropriate taxpayer
characteristics, such as whether the taxpayer is a farmer, rancher,
retired elderly, or resident or nonresident of the state; and
(A) by distribution of impact on consumers,
labor, capital, and out-of-state persons and entities;
(3) shall evaluate the effect of each tax on total
income by income group and ethnic group; and
(4) shall:
(A) use the broadest measure of economic income
for which reliable data is available; and
(B) include a statement of the incidence
assumptions that were used in making the analysis.
(3) Renumber succeeding sections as appropriate.