Bill Text: TX SB133 | 2021-2022 | 87th Legislature | Introduced

---

Bill Title: Relating to a report regarding the fiscal effects of inflation or deflation on certain dollar amounts specified in state statute.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-03-03 - Referred to Finance [SB133 Detail]

Download: Texas-2021-SB133-Introduced.html

---

87R948 CXP-D
By: Johnson S.B. No. 133

A BILL TO BE ENTITLED
AN ACT
relating to a report regarding the fiscal effects of inflation or
deflation on certain dollar amounts specified in state statute.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 403, Government Code, is
amended by adding Section 403.0144 to read as follows:
Sec. 403.0144. REPORT ON FISCAL EFFECTS OF INFLATION OR
DEFLATION ON DOLLAR AMOUNTS SPECIFIED IN STATE STATUTE. (a) In
this section, "consumer price index" means a consumer price index
published by the Bureau of Labor Statistics of the United States
Department of Labor that the comptroller determines most accurately
reports changes in the purchasing power of the dollar for consumers
in this state.
(b) The comptroller shall maintain a list of each dollar
amount specified in state statute that:
(1) is a tax, or is the rate of a tax, imposed by this
state;
(2) is a fee that, during the preceding state fiscal
year, generated more than $1 million in revenue to this state or a
political subdivision of this state;
(3) is a fine that may be assessed against a person;
(4) is used to determine the applicability to a person
of:
(A) a tax imposed by this state or an exemption
from the tax;
(B) a fee imposed by this state or a political
subdivision of this state or an exemption from the fee; or
(C) an offense or a criminal or civil penalty;
(5) is used to determine the applicability of an
exemption, discount, exclusion, special valuation, special
accounting treatment, special rate, or special method of reporting
that is the subject of the report under Section 403.014; or
(6) the comptroller determines is relevant to a dollar
amount described by Subdivisions (1)-(5).
(c) Not later than November 1 of each even-numbered year,
the comptroller shall:
(1) determine the inflation-adjusted amount of each
dollar amount identified in the list maintained under Subsection
(b) by determining the sum of:
(A) the identified dollar amount; and
(B) an amount equal to the product of that dollar
amount and the average 12-month percentage change in the consumer
price index during the period beginning on the date the statute
specifying that dollar amount was enacted or last amended and
ending on the last day of the preceding state fiscal biennium;
(2) estimate the fiscal effects the
inflation-adjusted amounts determined under Subdivision (1) would
have had on this state and political subdivisions of this state if
those amounts had applied during the preceding state fiscal
biennium, including the fiscal effects, if any, during that period
on:
(A) the amount of revenue received by this state
and political subdivisions of this state; and
(B) the costs incurred by this state as a result
of the incarceration of individuals; and
(3) prepare and submit a report to the legislature and
the governor that includes the information described by
Subdivisions (1) and (2).
(d) The report may be included in any other report made by
the comptroller.
(e) The comptroller may request from any state officer or
agency information necessary to complete the report. Each state
officer or agency shall cooperate with the comptroller in providing
information or analysis for the report.
SECTION 2. This Act takes effect September 1, 2021.