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No significant fiscal implication to the State or local government.
Authorization of additional fireworks seasons would be expected to result in incremental sales subject to the 2 percent fireworks tax under Chapter 161 of the Tax Code; however, the incremental sales would not be expected to exceed approximately 10 percent of the sales that occur during the traditional Fourth of July and December holiday seasons. No significant increase in general sales tax revenues would be expected, as incremental sales of fireworks would likely be at the expense of other discretionary purchases of sales taxable items.
No changes were made to this bill. The second chamber sponsor is Senator Nichols.
First chamber recommendation:
This bill affirms the principle of limited government and the principle of the free market. A limited government should not restrict a product from being sold to only certain periods of time each year. For this reason, we support HB 1150. We would support efforts to amend this legislation to make it all the more friendly to free market and limited government friendly by eliminating the date restrictions on fireworks sales altogether.