TO: | Honorable Rene Oliveira, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB1902 by Branch (Relating to exemptions from the sales tax for certain energy-efficient products.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2010 | ($17,694,000) |
2011 | ($18,632,000) |
2012 | ($19,496,000) |
2013 | ($20,357,000) |
2014 | ($21,247,000) |
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 | ($17,694,000) | ($3,291,000) | ($1,122,000) | ($465,000) |
2011 | ($18,632,000) | ($3,465,000) | ($1,182,000) | ($490,000) |
2012 | ($19,496,000) | ($3,626,000) | ($1,236,000) | ($512,000) |
2013 | ($20,357,000) | ($3,786,000) | ($1,291,000) | ($535,000) |
2014 | ($21,247,000) | ($3,952,000) | ($1,347,000) | ($558,000) |
The bill would amend Chapter 151 of the Tax Code, regarding the sales tax, to create a sales tax exemption for computers that are designated as an Energy Star qualified product with a sales price of less than $1,000 sold during the current sales tax holiday for energy-efficient products each May.
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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