TO: | Honorable Jim Keffer, Chair, House Committee on Energy Resources |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB3310 by Rodriguez, Eddie (Relating to incentives for the purchase or lease of an electric-powered light-duty motor vehicle.), As Introduced |
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 Savings/(Cost) from Texas Emissions Reduction Plan 5071 |
---|---|
2012 | ($2,500,000) |
2013 | ($2,500,000) |
2014 | ($2,500,000) |
2015 | ($2,500,000) |
2016 | ($2,500,000) |
The bill would amend the provisions of the Light-Duty Motor Vehicle Purchase or Lease Incentive Program (LDMVI) within the Texas Emission Reduction Plan (TERP) program to apply rebate provisions to new gasoline-powered light-duty vehicles and to establish a new provision for incentives for light-duty motor vehicles powered in part by an electric motor. Such vehicles would be eligible to up to a $2,500 incentive and incentives would be limited to 2,000 vehicles for the 2012-13 biennium.
Although the program has existed in statute since 2003, the LDMVI program has not been appropriated any funding since the 2004-05 Biennium, and no incentive grant payments were ever made for the program. Moreover, Health and Safety Code, Section 386.252, which allocates 100 percent of TERP Account No. 5071 funding to various programs, does not provide for an allocation for the LDMVI program. Nonetheless, this estimate assumes that passage of the legislation would result in an additional appropriation out of the General Revenue-Dedicated Texas TERP Account No. 5071 in an amount sufficient to provide the $2,500 incentive to 2,000 vehicles for the 2012-13 biennium, or $2.5 million per fiscal year, as shown in the table above. This estimate also assumes that a similar funding level for the program would continue in future fiscal years.
The bill's passage is not expected to result in significant administrative costs to the Texas Commission on Environmental Quality or the Comptroller of Public Accounts.
Source Agencies: | 304 Comptroller of Public Accounts, 582 Commission on Environmental Quality
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LBB Staff: | JOB, SZ, ZS, TL
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