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A BILL TO BE ENTITLED
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AN ACT
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relating to a comprehensive review of taxable goods and services. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. The comptroller of public accounts shall conduct |
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a comprehensive review of the state's sales and use tax structure |
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under Chapter 151, Tax Code. The review shall include: |
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(1) An inventory of: |
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(a) All goods and services currently subject to sales |
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and use tax under state law, |
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(b) All goods and services currently exempt from sales |
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and use tax under state law, |
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(c) A comparison of the state's sales and use tax base |
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to the sales tax structures of other states. |
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(2) Identification of goods and services not currently |
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taxed under state law that are: |
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(a) Commonly taxed in other states, |
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(b) Growing or emerging sectors of the Texas economy, |
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(c) Potential for inclusion in future tax reform |
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proposals. |
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(3) An economic and fiscal impact analysis of expanding |
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sales and use tax base to include additional goods and services, |
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including: |
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(a) Projected revenue gains under various expansion |
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scenarios, |
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(b) Distributional effects on income groups and |
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geographic regions of the state, |
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(c) Potential impacts on small businesses, |
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Texas-based industries, consumer behavior, and the state's |
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economic competitiveness. |
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SECTION 2. REPORT TO THE LEGISLATURE. Not later than |
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December 1, 2026, the comptroller shall submit a written report to |
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the governor, lieutenant governor, speaker of the house, and |
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members of the legislature. |
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SECTION 3. This Act takes effect on the 91st day after the |
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end of the legislative session. |