TO: | Honorable Rene Oliveira, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB1591 by Hamilton (Relating to exempting sales of certain hurricane preparation supplies in certain counties from the sales tax for a limited period.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2010 | ($5,602,000) |
2011 | ($5,890,000) |
2012 | ($6,159,000) |
2013 | ($6,425,000) |
2014 | ($6,698,000) |
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 | ($5,602,000) | ($1,042,000) | ($355,000) | ($147,000) |
2011 | ($5,890,000) | ($1,095,000) | ($374,000) | ($155,000) |
2012 | ($6,159,000) | ($1,145,000) | ($391,000) | ($162,000) |
2013 | ($6,425,000) | ($1,195,000) | ($407,000) | ($169,000) |
2014 | ($6,698,000) | ($1,246,000) | ($425,000) | ($176,000) |
The bill would amend Chapter 151 of the Tax Code to create a sales tax exemption for certain hurricane preparation supplies, if purchased during a period beginning on May 21 and ending on June 1 of each year.
Under the bill, hurricane preparation supplies would include certain ice packs, self-powered light sources, radios, tarpaulins, ground anchor systems, gasoline fuel tanks, batteries, food storage coolers, cellular telephone batteries and chargers, carbon monoxide detectors, storm shutter devices, and portable generators. Each item would be exempt if its sales price did not exceed a specified amount.
The bill would take effect September 1, 2009.
Data on the sale of the specified hurricane preparation supplies were gathered from a variety of sources including the U.S. Bureau of the Census. Sales were adjusted to reflect Texas; adjusted for the appropriate price range and exemption period; multiplied by the state sales tax rate; and extrapolated through fiscal 2014.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, MN, SD, KK
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