TO: | Honorable Rene Oliveira, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB791 by Burnam (Relating to the period during which certain energy-efficient products are exempt from the sales tax.), Committee Report 1st House, Substituted |
Fiscal Year | Probable Revenue (Loss) from General Revenue Fund 1 |
Probable Revenue (Loss) from Cities |
Probable Revenue (Loss) from Transit Authorities |
Probable Revenue (Loss) from Counties |
---|---|---|---|---|
2010 | ($754,000) | ($135,000) | ($46,000) | ($19,000) |
2011 | ($794,000) | ($140,000) | ($48,000) | ($20,000) |
2012 | ($831,000) | ($148,000) | ($50,000) | ($21,000) |
2013 | ($868,000) | ($155,000) | ($53,000) | ($22,000) |
2014 | ($906,000) | ($162,000) | ($55,000) | ($23,000) |
Fiscal Year | Probable Revenue (Loss) from General Revenue Fund 1 |
Probable Revenue (Loss) from Cities |
Probable Revenue (Loss) from Transit Authorities |
Probable Revenue (Loss) from Counties |
---|---|---|---|---|
2010 | $0 | $0 | $0 | $0 |
2011 | ($794,000) | ($140,000) | ($48,000) | ($20,000) |
2012 | ($831,000) | ($148,000) | ($50,000) | ($21,000) |
2013 | ($868,000) | ($155,000) | ($53,000) | ($22,000) |
2014 | ($906,000) | ($162,000) | ($55,000) | ($23,000) |
The bill would amend Chapter 151 of the Tax Code to create an additional period for the exemption from the sales tax for certain energy efficient products. Under current law, these specified products are exempt if purchased during a period around Memorial Day. The bill would also exempt these products from the sales tax if sold on Labor Day.
The bill would take effect July 1, 2009, assuming that it receives the requisite two-thirds majority vote in both houses of the Legislature. Otherwise, it would take effect October 1, 2009.
Data on the sale of the eligible energy efficient products were gathered from the U.S. Department of Energy. Sales were adjusted to reflect sales made in Texas, adjusted for the appropriate time period, multiplied by the state sales tax rate, adjusted for potential effective dates of July 1, 2009 and October 1, 2009, and extrapolated through fiscal year 2014. If the effective date of the bill was October 21, 2009 (after Labor Day), there would be no impact on fiscal year 2010 revenue.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, MN, SD, KK
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