Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
---|---|---|---|---|---|
No | Negative | Neutral | Neutral | Negative | Neutral |
A fiscal note dated April 20, 2015 anticipates a negative two-year net impact to General Revenue Related Funds for CSHB 2507 of $140,000 through the biennium ending August 31, 2017.
There would be a proportional loss of sales and use tax revenue from local taxing jurisdictions as
shown in the above table.
House Bill 2507 would amend Section 151.3185 of the Tax Code related to exemptions from the sales and use tax for property used in the production of motion pictures or video or audio recordings and broadcasts.
It would add an exemption from the sales and use tax for tangible personal property that is sold to an entity to which 47 C.F.R. Section 73.404(a) (related to licensed digital audio broadcasting stations that use the In-band On-channel system for broadcasting purposes) applies if the property is necessary to provide the broadcast service described by 47 C.F.R. Section 73.403 or 73.404.
The second chamber sponsor is Senator Kel Seliger.
5/18/15 Update:
No amendments or modifications have been made to the bill since we reported on it. We continue to oppose it.
First chamber analysis below: