SB1111 requires the Texas comptroller to report on the effects of tax exemptions and discounts.

SB1111 amends the Government Code to mandate that the Texas comptroller report on the effects of exemptions, discounts, exclusions, special valuations, special accounting treatments, special rates, and special methods of reporting for specific taxes. These include sales, excise, and use taxes; franchise taxes; school district property taxes; motor vehicle taxes; severance taxes; and any other tax generating more than five percent of state tax revenue. The report must be submitted before each regular session of the legislature.

SB1111 requires the Texas comptroller to report on the effects of tax exemptions and discounts.

SB1111 amends the Government Code to mandate that the Texas comptroller report on the effects of exemptions, discounts, exclusions, special valuations, special accounting treatments, special rates, and special methods of reporting for specific taxes. These include sales, excise, and use taxes; franchise taxes; school district property taxes; motor vehicle taxes; severance taxes; and any other tax generating more than five percent of state tax revenue. The report must be submitted before each regular session of the legislature.