LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 31, 2009 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1127 by Heflin (Relating to the authority of the commissioners court of a county to enter into an ad valorem tax abatement agreement.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Tax Code to authorize a county commissioners court to execute a tax abatement agreement with the lessee of taxable real property or the owner of taxable tangible personal property, or both, located in a reinvestment zone designated under Chapter 312. Under current statute, a tax abatement agreement may be executed only with the owner of taxable real property located in a reinvestment zone designated by Chapter 312, Tax Code. Local Government Impact The fiscal impact would vary by county, depending on decisions made by the commissioners court and the number of affected properties. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, MN, DB
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 31, 2009
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1127 by Heflin (Relating to the authority of the commissioners court of a county to enter into an ad valorem tax abatement agreement.), As Introduced
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1127 by Heflin (Relating to the authority of the commissioners court of a county to enter into an ad valorem tax abatement agreement.), As Introduced
Honorable Rene Oliveira, Chair, House Committee on Ways & Means
Honorable Rene Oliveira, Chair, House Committee on Ways & Means
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB1127 by Heflin (Relating to the authority of the commissioners court of a county to enter into an ad valorem tax abatement agreement.), As Introduced
HB1127 by Heflin (Relating to the authority of the commissioners court of a county to enter into an ad valorem tax abatement agreement.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Tax Code to authorize a county commissioners court to execute a tax abatement agreement with the lessee of taxable real property or the owner of taxable tangible personal property, or both, located in a reinvestment zone designated under Chapter 312. Under current statute, a tax abatement agreement may be executed only with the owner of taxable real property located in a reinvestment zone designated by Chapter 312, Tax Code.
The bill would amend the Tax Code to authorize a county commissioners court to execute a tax abatement agreement with the lessee of taxable real property or the owner of taxable tangible personal property, or both, located in a reinvestment zone designated under Chapter 312.
Under current statute, a tax abatement agreement may be executed only with the owner of taxable real property located in a reinvestment zone designated by Chapter 312, Tax Code.
Local Government Impact
The fiscal impact would vary by county, depending on decisions made by the commissioners court and the number of affected properties.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, MN, DB
JOB, MN, DB