TO: | Honorable Jim Keffer, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB2148 by Bohac (Relating to an exemption from the sales tax for renewable energy technology.), 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 Cities |
Probable Revenue Gain/(Loss) from Counties |
Probable Revenue Gain/(Loss) from Transit Authorities |
---|---|---|---|---|
2007 | ($233,000) | $0 | $0 | $0 |
2008 | ($2,940,000) | ($565,000) | ($73,000) | ($194,000) |
2009 | ($3,087,000) | ($593,000) | ($76,000) | ($203,000) |
2010 | ($3,241,000) | ($622,000) | ($80,000) | ($214,000) |
2011 | ($3,403,000) | ($653,000) | ($84,000) | ($224,000) |
2012 | ($3,573,000) | ($686,000) | ($89,000) | ($235,000) |
The table below assumes an effective date of September 1, 2007.
Fiscal Year | Probable Revenue Gain/(Loss) from GENERAL REVENUE FUND 1 |
Probable Revenue Gain/(Loss) from Cities |
Probable Revenue Gain/(Loss) from Counties |
Probable Revenue Gain/(Loss) from Transit Authorities |
---|---|---|---|---|
2008 | ($2,695,000) | ($470,000) | ($61,000) | ($161,000) |
2009 | ($3,087,000) | ($593,000) | ($76,000) | ($203,000) |
2010 | ($3,241,000) | ($622,000) | ($80,000) | ($214,000) |
2011 | ($3,403,000) | ($653,000) | ($84,000) | ($224,000) |
2012 | ($3,573,000) | ($686,000) | ($89,000) | ($235,000) |
The estimate provided by the Comptroller of Public Accounts is based on gathered data from several sources, including the Energy Information Administration, on the sale of renewable energy technology. For the purpose of this analysis, the Comptroller adjusted sales data to reflect sales made in
Note: Currently, renewable energy technologies purchased to generate electricity for sale are exempt from the state sales and use tax as manufacturing equipment.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, CT, SD, EB
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