TO: | Honorable Rene Oliveira, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB1994 by McCall (Relating to a deduction under the franchise tax for physicians who administer vaccines.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2010 | $0 |
2011 | $0 |
2012 | $0 |
2013 | $0 |
2014 | $0 |
Fiscal Year | Probable Revenue Gain/(Loss) from Property Tax Relief Fund 304 |
---|---|
2010 | ($2,184,000) |
2011 | ($2,282,000) |
2012 | ($2,385,000) |
2013 | ($2,490,000) |
2014 | ($2,600,000) |
The bill would amend Chapter 171 of the Tax Code, relating to a franchise tax deduction for physicians who administer vaccines.
The bill would allow an exclusion from total revenue for the actual cost for a vaccine dispensed by a physician or a person directed by the physician.
The bill would allow an exclusion from total revenue for any fee received by the taxable entity for the vaccine dispensed if the fee were otherwise included in total revenue.
The bill would take effect on January 1, 2010, and it would apply to a franchise tax report due on or after that date.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, MN, SD, SM
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