TO: | Honorable Harvey Hilderbran, Chair, House Committee On Ways & Means |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB859 by Sheets (Relating to an exemption from the motor vehicle sales and use tax for certain military servicemembers serving on active duty.), As Introduced |
Fiscal Year | Probable Revenue (Loss) from General Revenue Fund 1 |
---|---|
2013 | ($582,000) |
2014 | ($4,654,000) |
2015 | ($4,723,000) |
2016 | ($4,794,000) |
2017 | ($4,866,000) |
2018 | ($4,939,000) |
Fiscal Year | Probable Revenue Gain/(Loss) from General Revenue Fund 1 |
---|---|
2014 | ($4,460,000) |
2015 | ($4,723,000) |
2016 | ($4,794,000) |
2017 | ($4,866,000) |
2018 | ($4,939,000) |
The bill would amend Chapter 152 of the Tax Code, regarding the motor vehicle sales and use tax, to provide an exemption from the tax for military service members serving on active duty.
The bill would exempt a Texas resident who is an active duty member (ADM) of the U.S. Armed Forces, and is deployed outside the United States, from the motor vehicle sales and use tax on the purchase of a motor vehicle for the member's own private use. An ADM would apply to the Comptroller's Office for a certificate stating the member was exempt from the tax, and the Comptroller's Office could adopt rules to implement and administer the bill's provisions.
The bill would take effect July 1, 2013, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2013.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | UP, KK, SD
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