TO: | Honorable Jim Keffer, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB2324 by Isett, Carl (Relating to customs brokers.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2008 | $1,944,000 |
2009 | $1,944,000 |
2010 | $1,944,000 |
2011 | $1,944,000 |
2012 | $1,944,000 |
Fiscal Year | Probable Revenue Gain/(Loss) from GENERAL REVENUE FUND 1 |
---|---|
2008 | $1,944,000 |
2009 | $1,944,000 |
2010 | $1,944,000 |
2011 | $1,944,000 |
2012 | $1,944,000 |
The bill would eliminate the requirement that the comptroller of public accounts provide an alternative method for preparing documentation of export when the comptroller online customs broker website is unavailable. The bill would authorize the comptroller to impose penalties and suspend or revoke a customs broker license if the broker issues false export documentation or fails to pay penalties imposed by the comptroller. The bill would eliminate the requirement that penalties of over $500 and less than $5,000 be equal to the amount of taxes refunded. The bill would to authorize the comptroller, in addition to other penalties, to require a broker to pay the amount of tax refunded and the amount of any penalty. The bill would prohibit brokers from using a single certificate of export for multiple receipts. The bill would require that brokers indicate on the certificate of export that they inspected the property for export and the receipt for that property.
The estimated revenue gain is based on the number of export certificates issued for multiple receipts. This number was multiplied by the $1.60 per stamp fee.
Possible gains from penalties and the reduction in sales tax refunds resulting from stronger enforcement provisions cannot be estimated.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, CT, JI, RS
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