House Committee on Ways and Means - 66th R.S. (1979)

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Committee Members

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Charges

• 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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