LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION

May 4, 2013

TO:	Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	HB1511 by Larson (relating to the rates of sales and use taxes imposed by municipalities; authorizing an increase or decrease in the rate of those taxes.), Committee Report 1st House, Substituted

No significant fiscal implication to the State is anticipated.

The bill would amend various sections of the Tax Code and the Local Government code regarding the sales and use tax rate imposed by political subdivisions in the state.

The bill would have no effect on state sales and use tax revenue.

The bill would take effect September 1, 2013.

Local Government Impact

The bill would allow units of local government to change their sales tax rates in one-eighth of a percent increments as the two percent overall cap is not broken.

Source Agencies:

304 Comptroller of Public Accounts

LBB Staff:

UP, KK, SD