TO: | Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB429 by Fletcher (Relating to the classification of automotive repair shops as primarily engaged in retail trade for purposes of the franchise tax.), As Introduced |
Estimated Two-year Net Impact to General Revenue Related Funds for HB429, As Introduced: an impact of $0 through the biennium ending August 31, 2013.
The bill will have a direct impact of a revenue loss of ($13,878,000) from the Property Tax Relief Fund during the 2012-13 biennium. The loss would be required to be made up with an equal amount of General Revenue to fund the Foundation School Program.
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2012 | $0 |
2013 | $0 |
2014 | $0 |
2015 | $0 |
2016 | $0 |
Fiscal Year | Probable Revenue (Loss) from Property Tax Relief Fund 304 |
---|---|
2012 | ($6,841,000) |
2013 | ($7,037,000) |
2014 | ($7,181,000) |
2015 | ($7,200,000) |
2016 | ($7,259,000) |
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, KK, SD
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