| TO: | Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means |
| FROM: | John S O'Brien, Director, Legislative Budget Board |
| IN RE: | SB758 by Deuell (Relating to sales and use tax information provided to certain local governmental entities.), As Engrossed |
This bill would amend Chapters 321, 322, and 323 of the Tax Code, regarding sales and use taxes for municipalities, transportation authorities and counties.
The bill would require the Comptroller's Office to provide upon request by local taxing entities information on the amount of tax paid by any person doing business in a local taxing jurisdiction if the person's annual remittance of state and local sales taxes exceeds $5,000. This is a reduction from the current threshold of $25,000.
The bill would increase the amount of tax information the Comptroller's Office would be required to release to local taxing entities but would not change the taxes due or policies governing allocations of tax revenue to units of local government, and thus would have no revenue implications.
The bill would take effect September 1, 2011.
| Source Agencies: | 304 Comptroller of Public Accounts
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| LBB Staff: | JOB, KK
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