| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the comptroller's report on the effect of certain tax |
|
|
provisions. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 403.014(b), Government Code, is amended |
|
|
to read as follows: |
|
|
(b) The report must include: |
|
|
(1) an analysis of each special provision that reduces |
|
|
the amount of tax payable, to include an estimate of the loss of |
|
|
revenue for a six-year period including the current fiscal biennium |
|
|
and a citation of the statutory or legal authority for the |
|
|
provision; [and] |
|
|
(2) for provisions reducing revenue by more than one |
|
|
percent of total revenue for a tax covered by this section: |
|
|
(A) the effect of each provision on the |
|
|
distribution of the tax burden by income class and industry or |
|
|
business class, as appropriate; and |
|
|
(B) the effect of each provision on total income |
|
|
by income class; and |
|
|
(3) for each entity, including a corporation or other |
|
|
business entity, that receives a reduction of taxes payable as a |
|
|
result of a special provision, the actual dollar amount of the |
|
|
reduction the entity received since the most recent report under |
|
|
this section, regardless of whether the information is otherwise |
|
|
confidential under state law, including Sections 111.006 and |
|
|
151.027, Tax Code. |
|
|
SECTION 2. This Act takes effect September 1, 2017. |