| TO: | Honorable Harvey Hilderbran, Chair, House Committee On Ways & Means |
| FROM: | Ursula Parks, Director, Legislative Budget Board |
| IN RE: | HB414 by Button (Relating to a franchise tax credit for certain research and development activities.), As Introduced |
No statistically significant impact on the overall distribution of a state tax or fee burden among individuals and businesses is anticipated from the provisions of this bill in fiscal year 2015. The limitation and carry-forward provisions contained in the bill, combined with the growth of franchise tax revenue, could result is a shift of the state tax burden in future years.
| Source Agencies: |
| LBB Staff: | UP, KK, SD
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