LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 77th Regular Session
February 26, 2001
TO: Honorable Rene Oliveira, Chair, House Committee on Ways &
Means
FROM: John Keel, Director, Legislative Budget Board
IN RE: HB2012 by McCall (Relating to electronic filing of
certain tax reports and payments.), As Introduced
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* Estimated Two-year Net Impact to General Revenue Related Funds for *
* HB2012, As Introduced: positive impact of $976,000 through the *
* biennium ending August 31, 2003. *
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General Revenue-Related Funds, Five-Year Impact:
****************************************************
* Fiscal Year Probable Net Positive/(Negative) *
* Impact to General Revenue Related *
* Funds *
* 2002 $407,000 *
* 2003 569,000 *
* 2004 569,000 *
* 2005 569,000 *
* 2006 569,000 *
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All Funds, Five-Year Impact:
*****************************************************
* Fiscal Year Probable Revenue Gain/(Loss) from *
* General Revenue Fund *
* 0001 *
* 2002 $407,000 *
* 2003 569,000 *
* 2004 569,000 *
* 2005 569,000 *
* 2006 569,000 *
*****************************************************
Technology Impact
There would be no significant technology impact to the Comptroller's
office.
Fiscal Analysis
The bill would amend Chapter 111 of the Tax Code to direct the
Comptroller to require, by rule, the electronic transfer of certain tax
payments. Taxpayers that paid $100,000 or more in the preceding fiscal
year in a category of payments would have to transfer those taxes to the
Comptroller electronically, if the Comptroller reasonably anticipated
that the person would pay at least that amount in the current fiscal
year. In addition, the bill would require the Comptroller to adopt, by
rule, a requirement that oil production, international fuels tax
agreement, natural gas, and sales and use taxpayers that currently have
to file tax payments electronically to also file their tax reports
electronically.
The Comptroller could impose a penalty equivalent to 5 percent of the tax
due for failure to adhere to the requirements of the bill.
The bill would take effect immediately upon enactment, assuming that it
received the requisite two-thirds majority votes in both houses of the
Legislature. Otherwise, it would take effect September 1, 2001.
Methodology
The bill would implement the recommendations of EG-7 from the
Comptroller's report, e-Texas: Smaller, Smarter, Faster Government.
Annual savings to the General Revenue Fund 0001 would arise from annual
gains in interest income attributable to an estimated three-day decrease
in processing time. There would be a nominal gain (approximately $2,000
per year for all other funds combined) in interest gained to other funds;
however, since there are several of these other funds, they are not
listed in the above table.
The estimate for fiscal 2002 is prorated to account for annual tax
reports due on or after January 1, 2002.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
LBB Staff: JK, SD, WP