LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 17, 2009 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1221 by Howard, Charlie (Relating to the provision of information by tax officials related to ad valorem tax rates.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Chapters 25 and 26 of the Tax Code, regarding the appraisal of real property, to make adjustments to the dates that certain actions must be taken concerning the adoption of a rate for ad valorem taxation by a taxing unit. The bill would also require additional information in the notice to taxpayers in the year following the year in which a taxing unit raised its rollback rate. The bill would not change the tax rate or the appraised value of property, and would therefore have no revenue implications. This bill would take effect January 1, 2010, and would apply to a tax year beginning on or after the effective date of this bill. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, MN, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 17, 2009
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1221 by Howard, Charlie (Relating to the provision of information by tax officials related to ad valorem tax rates.), As Introduced
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1221 by Howard, Charlie (Relating to the provision of information by tax officials related to ad valorem tax rates.), 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
HB1221 by Howard, Charlie (Relating to the provision of information by tax officials related to ad valorem tax rates.), As Introduced
HB1221 by Howard, Charlie (Relating to the provision of information by tax officials related to ad valorem tax rates.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapters 25 and 26 of the Tax Code, regarding the appraisal of real property, to make adjustments to the dates that certain actions must be taken concerning the adoption of a rate for ad valorem taxation by a taxing unit. The bill would also require additional information in the notice to taxpayers in the year following the year in which a taxing unit raised its rollback rate. The bill would not change the tax rate or the appraised value of property, and would therefore have no revenue implications. This bill would take effect January 1, 2010, and would apply to a tax year beginning on or after the effective date of this bill.
The bill would amend Chapters 25 and 26 of the Tax Code, regarding the appraisal of real property, to make adjustments to the dates that certain actions must be taken concerning the adoption of a rate for ad valorem taxation by a taxing unit.
The bill would also require additional information in the notice to taxpayers in the year following the year in which a taxing unit raised its rollback rate.
The bill would not change the tax rate or the appraised value of property, and would therefore have no revenue implications.
This bill would take effect January 1, 2010, and would apply to a tax year beginning on or after the effective date of this bill.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, MN, SD, SJS
JOB, MN, SD, SJS