Honorable Tom Craddick, Chair, House Committee on Transportation
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3187 by Shaheen (Relating to powers of regional transportation authorities.), As Introduced
No significant fiscal implication to the State is anticipated.
It is assumed that any costs associated with the bill could be absorbed using existing resources.
Local Government Impact
The bill would lower the maximum rate allowed by a regional transportation authority for a sales and use tax from one percent to three-quarters of one percent. The maximum rate change would not apply to the imposition of a sales and use tax in a regional transportation authority that has pledged the revenue from the tax imposed at the rate of one percent as security for bonds issued by the authority before the effective date of the bill. No fiscal implication to other units of local government is anticipated.