TO: | Honorable Dennis Bonnen, Chair, House Committee on Ways & Means |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB31 by Bonnen, Dennis (relating to decreasing the state sales and use tax rate.), Committee Report 1st House, Substituted |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2016 | ($1,190,000,000) |
2017 | ($1,470,000,000) |
2018 | ($1,550,000,000) |
2019 | ($1,650,000,000) |
2020 | ($1,760,000,000) |
Fiscal Year | Probable Revenue (Loss) from General Revenue Fund 1 |
Probable Revenue (Loss) from State Highway Fund 6 |
Probable Revenue Gain from Cities |
Probable Revenue Gain from Transit Authorities |
---|---|---|---|---|
2016 | ($1,190,000,000) | ($1,800,000) | $9,200,000 | $3,100,000 |
2017 | ($1,470,000,000) | ($2,200,000) | $9,800,000 | $3,300,000 |
2018 | ($1,550,000,000) | ($2,200,000) | $10,400,000 | $3,600,000 |
2019 | ($1,650,000,000) | ($2,200,000) | $11,100,000 | $3,800,000 |
2020 | ($1,760,000,000) | ($2,200,000) | $11,800,000 | $4,000,000 |
Fiscal Year | Probable Revenue Gain from Counties and Special Districts |
---|---|
2016 | $1,700,000 |
2017 | $1,800,000 |
2018 | $1,900,000 |
2019 | $2,000,000 |
2020 | $2,200,000 |
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | UP, KK, SD
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