TO: | Honorable John Carona, Chair, Senate Committee On Business & Commerce |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | SB517 by Eltife (Relating to the distribution of beer by certain manufacturers.), Committee Report 1st House, Substituted |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2014 | $17,250 |
2015 | $0 |
2016 | $17,250 |
2017 | $0 |
2018 | $17,250 |
Fiscal Year | Probable Revenue Gain from General Revenue Fund 1 |
---|---|
2014 | $17,250 |
2015 | $0 |
2016 | $17,250 |
2017 | $0 |
2018 | $17,250 |
The Alcoholic Beverage Commission (TABC) estimates that there are 23 manufacturers in the state that would be eligible for this new permit. The agency assumes that all 23 eligible manufacturers will obtain the new permit, which requires a $250 fee and $500 surcharge, and must be renewed every two years. The bill would generate revenue for these fees and surcharges collected by TABC on a biennial basis according to the issue date of the new permit type. Therefore, the biennial fees for the permit would be $750, resulting in an estimated revenue stream of $17,250 (23 x $750) every other year.
Source Agencies: | 304 Comptroller of Public Accounts, 458 Alcoholic Beverage Commission
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LBB Staff: | UP, RB, AI, KNi
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