TO: | Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB3095 by Strama (Relating to a reduction in the mixed beverage tax for certain venues that present live music; authorizing a fee.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2014 | ($62,169,000) |
2015 | ($67,528,000) |
2016 | ($70,644,000) |
2017 | ($74,221,000) |
2018 | ($77,956,000) |
Fiscal Year | Probable Savings/(Cost) from General Revenue Fund 1 |
Probable Revenue Gain/(Loss) from General Revenue Fund 1 |
Probable Revenue Gain/(Loss) from Counties |
Probable Revenue Gain/(Loss) from Cities |
---|---|---|---|---|
2014 | ($2,397,000) | ($59,772,000) | ($6,355,000) | ($5,786,000) |
2015 | ($397,000) | ($67,131,000) | ($8,798,000) | ($8,010,000) |
2016 | ($397,000) | ($70,247,000) | ($9,366,000) | ($8,528,000) |
2017 | ($397,000) | ($73,824,000) | ($9,842,000) | ($8,960,000) |
2018 | ($397,000) | ($77,559,000) | ($10,340,000) | ($9,414,000) |
Fiscal Year | Change in Number of State Employees from FY 2013 |
---|---|
2014 | 6.0 |
2015 | 6.0 |
2016 | 6.0 |
2017 | 6.0 |
2018 | 6.0 |
The fiscal impact analysis is based on the 2014-15 Biennial Revenue Estimate. This analysis assumes that eighty percent of total sales subject to the mixed beverage gross receipts tax would not be affected by this bill's provisions; it is assumed the remaining twenty percent would be. The estimate for fiscal 2014 was adjusted for a September 1, 2013 effective date.
The Comptroller's office estimates administrative costs necessary to hire six Full-Time Equivalents (FTEs) to review and process applications and enforce provisions related to the new tax reduction for live music presenters.
The Governor's Office estimates there would be a minimal cost associated with implementing the provisions of the bill.
Source Agencies: | 301 Office of the Governor, 304 Comptroller of Public Accounts
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LBB Staff: | UP, KK, SD, AG
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