LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 21, 2009 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1936 by Villarreal (Relating to the authority of the governing body of a municipality to exempt a portion of the value of a residence homestead from ad valorem taxation if the homestead meets certain energy efficiency standards.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Chapter 11 of the Tax Code to allow municipalities the discretion to exempt from ad valorem taxation a portion of the value of a residence homestead for meeting energy efficiency standards prescribed by the municipality. The governing body could set different standards for different years and limit the number of years for the exemption. The bill would be contingent upon the adoption of a proposed amendment that would be submitted to voters at an election to be held November 3, 2009. If the voters approved the amendment, the bill would be effective January 1, 2010. Local Government Impact The fiscal impact to a municipality would vary depending on decisions made by the governing body and participation by residents. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, MN, DB
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 21, 2009
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1936 by Villarreal (Relating to the authority of the governing body of a municipality to exempt a portion of the value of a residence homestead from ad valorem taxation if the homestead meets certain energy efficiency standards.), As Introduced
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1936 by Villarreal (Relating to the authority of the governing body of a municipality to exempt a portion of the value of a residence homestead from ad valorem taxation if the homestead meets certain energy efficiency standards.), 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
HB1936 by Villarreal (Relating to the authority of the governing body of a municipality to exempt a portion of the value of a residence homestead from ad valorem taxation if the homestead meets certain energy efficiency standards.), As Introduced
HB1936 by Villarreal (Relating to the authority of the governing body of a municipality to exempt a portion of the value of a residence homestead from ad valorem taxation if the homestead meets certain energy efficiency standards.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 11 of the Tax Code to allow municipalities the discretion to exempt from ad valorem taxation a portion of the value of a residence homestead for meeting energy efficiency standards prescribed by the municipality. The governing body could set different standards for different years and limit the number of years for the exemption. The bill would be contingent upon the adoption of a proposed amendment that would be submitted to voters at an election to be held November 3, 2009. If the voters approved the amendment, the bill would be effective January 1, 2010.
The bill would amend Chapter 11 of the Tax Code to allow municipalities the discretion to exempt from ad valorem taxation a portion of the value of a residence homestead for meeting energy efficiency standards prescribed by the municipality. The governing body could set different standards for different years and limit the number of years for the exemption.
The bill would be contingent upon the adoption of a proposed amendment that would be submitted to voters at an election to be held November 3, 2009. If the voters approved the amendment, the bill would be effective January 1, 2010.
Local Government Impact
The fiscal impact to a municipality would vary depending on decisions made by the governing body and participation by residents.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, MN, DB
JOB, MN, DB