Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
SB393 by Patrick (Relating to amended sales tax reports and the reallocation of sales tax revenue.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for SB393, As Introduced: a negative impact of ($8,578,666) through the biennium ending August 31, 2013.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Fiscal Year
Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2012
($6,628,348)
2013
($1,950,318)
2014
($1,950,318)
2015
($1,950,318)
2016
($1,950,318)
Fiscal Year
Probable (Cost) from General Revenue Fund 1
Change in Number of State Employees from FY 2011
2012
($6,628,348)
31.0
2013
($1,950,318)
31.0
2014
($1,950,318)
31.0
2015
($1,950,318)
31.0
2016
($1,950,318)
31.0
Fiscal Analysis
This bill would amend Chapters 151, 321, 322, and 323 of the Tax Code, to provide for amended sales tax reports and for procedures governing reallocations of local sales taxes.
Section 151.4065 would allow taxpayers to amend a tax report for a previous reporting period within the statute of limitations, and would require the amendment be signed and include an explanation for the amendment.
Sections 321.510 and 323.510 would provide for notification of affected taxpayers and units of local government of pending reallocations of local sales tax revenues that exceed certain thresholds and for audit review of the pending reallocation upon request of an affected local government.
The bill would take effect January 1, 2012.
Methodology
The administrative cost estimate reflects the funds that would be necessary to hire 31 additional FTEs starting in fiscal year 2012 to 2016 for personnel salary costs for the Comptroller's Office.
Technology
There would be a one-time technology cost to the Comptroller's Office of $4,600,000 in fiscal year 2012 for programming/project management.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.