House
File
671
H-1667
Amend
House
File
671
as
follows:
1
1.
Page
7,
after
line
26
by
inserting:
2
<
DIVISION
___
3
MUNICIPAL
UTILITY
REPLACEMENT
TAX
APPLICATION
4
Sec.
___.
MUNICIPAL
UTILITIES
——
REPLACEMENT
TAX
——
5
IMPLEMENTATION
STUDY.
6
1.
The
department
of
revenue
shall
conduct
an
7
evaluation
and
analysis
regarding
applying
the
8
replacement
tax
on
electricity
and
natural
gas
9
providers
established
in
chapter
437A
to
municipal
10
utilities
not
currently
subject
to
the
tax,
in
an
11
effort
to
address
inequities
in
the
application
of
the
12
foundation
property
tax
imposed
pursuant
to
section
13
257.3.
14
2.
The
evaluation
shall
be
conducted
with
the
15
assistance
of
the
utility
replacement
tax
task
force
16
and
shall
include
but
not
be
limited
to
determination
17
of
the
following:
18
a.
Equitable
delivery
rates
for
municipal
utilities
19
not
currently
subject
to
the
tax.
20
b.
Phased-in
implementation
of
tax
imposition
21
subject
to
the
following
specified
percentages
of
full
22
replacement
tax
liability:
23
(1)
For
the
tax
year
beginning
January
1,
2011,
24
zero
percent.
25
(2)
For
the
tax
year
beginning
January
1,
2012,
26
fourteen
percent.
27
(3)
For
the
tax
year
beginning
January
1,
2013,
28
twenty-eight
percent.
29
(4)
For
the
tax
year
beginning
January
1,
2014,
30
forty-two
percent.
31
(5)
For
the
tax
year
beginning
January
1,
2015,
32
sixty-four
percent.
33
(6)
For
the
tax
year
beginning
January
1,
2016,
34
seventy-eight
percent.
35
(7)
For
the
tax
year
beginning
January
1,
2017,
36
ninety-two
percent.
37
(8)
For
the
tax
year
beginning
January
1,
2018,
and
38
succeeding
tax
years,
one
hundred
percent.
39
3.
The
department
shall
submit
proposed
legislation
40
during
the
2012
legislative
session
reflecting
the
41
results
of
the
evaluation.
>
42
2.
Title
page,
line
3,
after
<
limitations,
>
by
43
inserting
<
providing
for
an
evaluation
of
applying
44
the
replacement
tax
on
electricity
and
natural
gas
45
providers
to
municipal
utilities,
>
46
______________________________
WATTS
of
Dallas
-1-
HF671.2674
(4)
84
rn/sc
1/
1
#1.
#2.