TO: | Honorable Rene Oliveira, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB1417 by Leibowitz (Relating to an exemption from the sales tax for certain renewable energy systems and related equipment.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2010 | ($17,239,000) |
2011 | ($19,875,000) |
2012 | ($21,010,000) |
2013 | ($22,217,000) |
2014 | ($23,499,000) |
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 | ($17,239,000) | ($2,915,000) | ($994,000) | ($412,000) |
2011 | ($19,875,000) | ($3,696,000) | ($1,260,000) | ($522,000) |
2012 | ($21,010,000) | ($3,907,000) | ($1,332,000) | ($552,000) |
2013 | ($22,217,000) | ($4,132,000) | ($1,409,000) | ($584,000) |
2014 | ($23,499,000) | ($4,370,000) | ($1,490,000) | ($618,000) |
The bill would amend Chapter 151 of the Tax Code to create a sales tax exemption for the sale, use, or installation of a "renewable energy systems" and any equipment directly related to the system.
A renewable energy system would be defined as a solar or wind-powered system that is used as a primary or auxiliary power system to supply the energy needs of a farm or a person's residence homestead.
The bill would take effect September 1, 2009.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, MN, SD, KK
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