Bill
HB 1261
84(R) - 2015
House Ways & Means
House Ways & Means
Taxation
Vote Recommendation
Yes
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Neutral
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Neutral
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Neutral
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Positive
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Neutral
Author(s)
Susan King
Bill Caption
Relating to the comptroller's report on the effect of certain tax provisions.
Fiscal Notes
A fiscal note dated May 13, 2015 anticipates no significant fiscal implication to the State or units of local government.
Bill Analysis
House Bill 1261 would amend Section 403.014 of the Government Code relating to the report on the effect of certain tax provisions to require that, when preparing the report required by the section, if actual data is not available, the comptroller would have to use available statistical data to estimate the effect of an exemption, discount, exclusion, special valuation, special accounting treatment, special rate, or special method of reporting relating to a tax. If the report was to state that the effect of a particular tax preference could not be determined, the comptroller would have to include in the report a complete explanation of why the comptroller reached that conclusion.
The second chamber sponsor is Senator Uresti.
Vote Recommendation Notes
House Bill 1261 would increase the requirements regarding the report done by the comptroller on the effect of certain tax provisions. In cases when the effect of a particular tax provision could not be determined, the comptroller would have to justify why the comptroller reached that conclusion.
House Bill 1261 would allow for more transparency on the effects of tax provisions and preferences and hence would limit the scope of government. We support this bill.
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