LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 77th Regular Session
March 26, 2001
TO: Honorable Rene Oliveira, Chair, House Committee on Ways &
Means
FROM: John Keel, Director, Legislative Budget Board
IN RE: HB2599 by Chavez (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 *
* HB2599, 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:
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*Fiscal Probable Revenue Gain/(Loss) Probable Revenue Gain/(Loss) *
* Year from General Revenue Fund from Other Funds *
* 0001 *
* 2002 $407,000 $1,000 *
* 2003 569,000 2,000 *
* 2004 569,000 2,000 *
* 2005 569,000 2,000 *
* 2006 569,000 2,000 *
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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 this 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 partially implement recommendation EG-7 from the
Comptroller's report, e-Texas: Smaller, Smarter, Faster Government.
Annual savings to the General Revenue Fund 0001 and to other funds would
arise from annual gains in interest income attributable to an estimated
three-day decrease in processing time. 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