TO: | Honorable Jim Keffer, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB82 by Branch (Relating to exemptions from the sales tax for certain computers during a limited period.), As Introduced |
The table below assumes an effective date of July 1, 2007.
Fiscal Year | Probable Revenue Gain/(Loss) from GENERAL REVENUE FUND 1 |
Probable Revenue Gain/(Loss) from City Sales Tax Revenue |
Probable Revenue Gain/(Loss) from County/SPD Sales Tax Revenue |
Probable Revenue Gain/(Loss) from MTA Sales Tax Revenue |
---|---|---|---|---|
2007 | ($20,547,000) | $0 | $0 | $0 |
2008 | ($78,097,000) | ($14,996,000) | ($1,935,000) | ($5,145,000) |
2009 | ($81,171,000) | ($15,586,000) | ($2,011,000) | ($5,348,000) |
2010 | ($84,435,000) | ($16,213,000) | ($2,092,000) | ($5,563,000) |
2011 | ($87,465,000) | ($16,795,000) | ($2,167,000) | ($5,762,000) |
2012 | ($90,617,000) | ($17,400,000) | ($2,245,000) | ($5,970,000) |
The table below assumes an effective date of October 1, 2007.
Fiscal Year | Probable Revenue Gain/(Loss) from GENERAL REVENUE FUND 1 |
Probable Revenue Gain/(Loss) from City Sales Tax Revenue |
Probable Revenue Gain/(Loss) from County/SPD Sales Tax Revenue |
Probable Revenue Gain/(Loss) from MTA Sales Tax Revenue |
---|---|---|---|---|
2008 | ($21,357,000) | $0 | $0 | $0 |
2009 | ($81,171,000) | ($15,586,000) | ($2,011,000) | ($5,348,000) |
2010 | ($84,435,000) | ($16,213,000) | ($2,092,000) | ($5,563,000) |
2011 | ($87,465,000) | ($16,795,000) | ($2,167,000) | ($5,762,000) |
2012 | ($90,617,000) | ($17,400,000) | ($2,245,000) | ($5,970,000) |
The bill would amend Chapter 151 of the Tax Code to create a sales tax exemption for computers with a sales price of less than $1,000 sold during the current sales tax holiday for clothing and footwear each August.
For the purpose of this estimate, the Comptroller of Public Accounts gathered data on U.S. sales of computers and consumer electronics from the U.S. Census Bureau and the Consumer Electronics Association. The Comptroller adjusted national sales data to reflect sales made in
According to the Comptroller, the fiscal implications reflect the prepayment of sales taxes and the impact of the bill's provisions on the first year's collections.
The Comptroller proportionally estimated the fiscal impacts on units of local government.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, CT, SD, EB
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