Bob Davis, Chair
Stan Schlueter, Vice Chair
Jim Browder, Vice Chair - Appropriative Matters
Bennie Bock II
A. C. 'Tony' Garcia
Ben Z. Grant
W.O. 'Bill' Harrison, Jr.
|• Consider the problem of the effect of Sections 26.02 and 26.03 of the Property Tax Code on Article 12.01(b) of the Franchise Tax Statute. *|
|• Review the problem of determining place of business for local sales and use tax purposes.*|
Study the impact of the implementation of the Tax Relief Amendment and of the Property Tax Code:
(a) monitoring the promulgation of rules and regulations and manuals for implementation of agricultural and timber valuation;
(b) monitoring impact upon various taxing units;
(c) studying ad valorem tax exemptions and their impact; and
(d) studying the revenue impact of the .0001% assessment ratio for the state ad valorem taxes.
Oversight functions shall be conducted for all appropriations-related actions of those agencies assigned to this committee for appropriative purposes during the 66th Regular Session of the Legislature. The agencies include:
State Comptroller of Public Accounts
Evaluate the sales tax, both the state 4% sales tax and the local sales tax, as to:
(a) impact upon local units of government
(b) exemptions from the sales tax and impact on state revenue, and
(c) impact of SB 582, 66th R.S.
|• Study taxes paid by business entities: an overall look at franchise, property, sales, gross receipts, and other taxes paid by business in Texas.|
|• Evaluate alternate sources of revenue for local governments and their potential impact.|
|• Update the State Revenue Handbook.|
|* This represents an abstract of the report contents. Charge text is incomplete or unavailable.|
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