TO: | Honorable David Dewhurst, Lieutenant Governor, Senate |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | SB776 by Zaffirini (Relating to customs brokers.), As Passed 2nd House |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2012 | $1,400,000 |
2013 | $1,500,000 |
2014 | $1,500,000 |
2015 | $1,500,000 |
2016 | $1,600,000 |
Fiscal Year | Probable Revenue Gain from General Revenue Fund 1 |
Probable Revenue Gain from Cities |
Probable Revenue Gain from Transit Authorities |
---|---|---|---|
2012 | $1,400,000 | $200,000 | $100,000 |
2013 | $1,500,000 | $200,000 | $100,000 |
2014 | $1,500,000 | $200,000 | $100,000 |
2015 | $1,500,000 | $200,000 | $100,000 |
2016 | $1,600,000 | $200,000 | $100,000 |
The bill would partially implement recommendations from the report, "Strengthen Sales Tax Enforcement Related to Customs Brokers and Increase the Charge for Export Stamps," in the Legislative Budget Board's (LBB) Government Effectiveness and Efficiency Report submitted to the Eighty-Second Texas Legislature, 2011. The bill would amend Chapter 151, Tax Code relating to customs brokers to do the following:
Eliminate the requirement that the comptroller provide an alternate method to show documentation of export when the website for documentation is unavailable, but allow the comptroller to provide an alternative documentation method that customs brokers could use with prior authorization from the comptroller for each use;
Authorize the comptroller to suspend or revoke a customs broker license and impose fines if the licensee does not comply with statutory requirements or issues false documentation;
Eliminate the limitation of the amount of penalty to the amount of refunded tax;
Require personal identification of foreign residence used for export documentation have a unique identification number;
Require that the purchaser and customs broker or authorized employee sign export forms in the presence of each other;
Limit to six the number of receipts for which a single export document could be issued;
Require that the documentation include a declaration that the customs broker or authorized employee inspected the property and the original receipt for the property; and
Increase the charge for each export stamp from $1.60 to $2.10 and require that $0.50 of the charge be used only for enforcement of the laws relating to customs brokers.
The Comptroller reports that the bill would have no administrative cost.
The bill would take effect September 1, 2011.
Source Agencies: |
LBB Staff: | JOB, KK, JI, RS
|