TO: | Honorable Jim Keffer, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB1000 by Burnam (Relating to exemptions from the sales tax fopr certain energy efficient products for a limited period. ), Committee Report 1st House, Substituted |
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 Cities |
Probable Revenue Gain/(Loss) from Transit Authorities |
Probable Revenue Gain/(Loss) from Counties |
---|---|---|---|---|
2007 | ($2,172,000) | ($417,000) | ($143,000) | ($54,000) |
2008 | ($4,514,000) | ($867,000) | ($297,000) | ($112,000) |
2009 | ($4,692,000) | ($901,000) | ($309,000) | ($116,000) |
2010 | ($4,881,000) | ($937,000) | ($322,000) | ($121,000) |
2011 | ($5,056,000) | ($971,000) | ($333,000) | ($125,000) |
2012 | ($5,238,000) | ($1,006,000) | ($345,000) | ($130,000) |
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 Cities |
Probable Revenue Gain/(Loss) from Transit Authorities |
Probable Revenue Gain/(Loss) from Counties |
---|---|---|---|---|
2008 | ($4,514,000) | ($867,000) | ($297,000) | ($112,000) |
2009 | ($4,692,000) | ($901,000) | ($309,000) | ($116,000) |
2010 | ($4,881,000) | ($937,000) | ($322,000) | ($121,000) |
2011 | ($5,056,000) | ($971,000) | ($333,000) | ($125,000) |
2012 | ($5,238,000) | ($1,006,000) | ($345,000) | ($130,000) |
The bill would amend Chapter 151 of the Tax Code to create a sales tax exemption for certain energy-efficient products sold during a period beginning on the last Saturday preceding the last Monday in May or during a period around July 4.
The bill would require that the exempted energy-efficient products must be designated as Energy Star qualified products by the U.S. Department of Energy and purchased for noncommercial home or personal use; and would include clothes washers, ceiling fans, dehumidifiers, dishwashers, incandescent or fluorescent light bulbs, and programmable thermostats; as well as certain refrigerators and air conditioners.
The bill would take effect July 1, 2007 if it receives two-thirds majority votes in each house; otherwise, it would take effect October 1, 2007.
This analysis is based upon an estimate provided by the Comptroller of Public Accounts using data from the U.S. Department of Energy on the sale of the specified energy efficient products. For the purpose of this analysis, the Comptroller adjusted sales data to reflect sales made in
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, CT, SD, EB
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