TO: | Honorable Joe Straus, Speaker of the House, House of Representatives |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB1801 by Bohac (relating to exemptions from the sales tax for a limited period for certain backpacks and school supplies specified by the Streamlined Sales and Use Tax Agreement.), As Passed 2nd House |
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 |
---|---|---|---|---|
2009 | ($1,901,000) | $0 | $0 | $0 |
2010 | ($7,190,000) | ($1,337,000) | ($456,000) | ($189,000) |
2011 | ($7,428,000) | ($1,381,000) | ($471,000) | ($195,000) |
2012 | ($7,665,000) | ($1,426,000) | ($486,000) | ($201,000) |
2013 | ($7,906,000) | ($1,470,000) | ($501,000) | ($208,000) |
2014 | ($8,160,000) | ($1,518,000) | ($518,000) | ($214,000) |
Fiscal Year | Probable Revenue Gain/(Loss) from General Revenue Fund 1 |
Probable Revenue Gain/(Loss) from Cities |
Probable Revenue Gain/(Loss) from Transit Authorities |
Probable Revenue Gain/(Loss) from Counties |
---|---|---|---|---|
2010 | ($1,966,000) | $0 | $0 | $0 |
2011 | ($7,428,000) | ($1,381,000) | ($471,000) | ($195,000) |
2012 | ($7,665,000) | ($1,426,000) | ($486,000) | ($201,000) |
2013 | ($7,906,000) | ($1,470,000) | ($501,000) | ($208,000) |
2014 | ($8,160,000) | ($1,518,000) | ($518,000) | ($214,000) |
The bill would amend Chapter 151 of the Tax Code, regarding a sales tax exemption for certain purchases of school backpacks.
The bill would provide a definition for a "backpack," and would extend this exemption to include school supplies as defined by the Streamlined Sales and Use Tax Agreement. School supplies would be exempt from the sales tax if purchased for use by a student in a public or private elementary or secondary school, had a sale price of less than $100, and were purchased during the three-day sales tax holiday on clothing and footwear each August.The bill would amend the Tax Code and require the Comptroller, upon request, to provide county
sales tax information to a county that had adopted a sales tax. It is assumed that any additional cost
associated with implementation of the bill could be absorbed within existing state resources.
The bill would take effect July 1, 2009, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect October 1, 2009.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, MN, SD, KK
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