TO: | Honorable Rene Oliveira, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB4611 by Oliveira (Relating to the treatment of proceeds from sales of certain loans and securities for purposes of apportionment under the franchise tax. ), Committee Report 1st House, Substituted |
Because the bill would not create or impact a state tax or fee, no comment from this office is required by the rules of the House as to the general effects of the proposal on the distribution of tax and fee burdens among individuals and businesses.
Source Agencies: |
LBB Staff: | JOB, MN
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