TO: | Honorable Steve Ogden, Chair, Senate Committee on Finance |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB2233 by Keffer, Jim (Relating to state and certain local fiscal matters; providing a penalty.), Committee Report 2nd House, Substituted |
The following table assumes an effective date of October 1, 2005.
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2006 | ($4,402,000) |
2007 | $3,674,000 |
2008 | $4,055,000 |
2009 | $4,446,000 |
2010 | $4,850,000 |
Fiscal Year | Probable Revenue Gain/(Loss) from GENERAL REVENUE FUND 1 |
---|---|
2006 | ($4,402,000) |
2007 | $3,674,000 |
2008 | $4,055,000 |
2009 | $4,446,000 |
2010 | $4,850,000 |
The bill would amend numerous provisions of the Civil Practices and Remedies Code, Code of Criminal Procedure, Education Code, Government Code, Health and Safety Code, Insurance Code, Local Government Code, Probate Code, Property Code, Tax Code, Transportation Code, and the Utilities Code relating to state fiscal matters. The bill would provide clarification on numerous issues concerning the Comptroller's administrative duties, government accounting practices, and reporting requirements.
Otherwise Section 103.0031of the Code of Criminal Procedure; Sections 25.0015, 25.00211, 26.007, 74.061, 403.071, 404.024, 660.024, 660.027, 2256.011, and 2256.016 of the Government Code; Section 433 of the Probate Code; and Sections 74.101, 74.401, 74.507, 74.601 of the Property Code; and Section 623.052 of the Transportation Code would take effect September 1, 2005 and all remaining sections would take effect on the 91st day after the last day of the legislative session.
Sections 29-47 would amend the Health and Safety Code relating to the Department of Aging and Disabilities licensing fees and renewal dates. The Comptroller reported that the fiscal impact could not be determined.
Sections 119 and 120 of the bill would amend Section 151.429 of the Tax Code relating to eligible tax refunds for an enterprise project and a defense readjustment project. The Comptroller reports that the fiscal impact of Sections 119 and 120 is estimated to be a loss of $500,000 in FY 2006 and a $1 million per year in the subsequent years.
Sections 121-128 of the bill would clarify various issues on state fiscal matters and would expand the area of the state eligible for sales and franchise tax credits to include additional federally designated zones and amend other provisions relating to enterprise projects. The Comptroller of Public Accounts reports that the fiscal impact of Sections 121-128 is estimated to be a loss of $8 million per year, starting in FY 2006.
The remaining sections of the bill have no fiscal impact or no significant fiscal impact.
Source Agencies: | 304 Comptroller of Public Accounts, 327 Employees Retirement System, 701 Central Education Agency
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LBB Staff: | JOB, SD, WP, EB, KJG
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