LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 19, 2009 TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2814 by Oliveira (Relating to the procedure for claiming an exemption from ad valorem taxation for a motor vehicle used for the production of income and for personal activities.), As Engrossed No significant fiscal implication to the State is anticipated. This bill would amend the Tax Code, regarding the exemption from property taxes currently provided to a person for one motor vehicle used in their occupation or profession, which is also used for personal activities. The bill would provide that, once allowed, this exemption would not require an annual application. Currently, owners seeking property tax exemptions on one motor vehicle used for business which is also used for personal activities must make application every year. This bill would allow the owner to make application once, and the vehicle would continue to be exempt until the ownership changes or the qualification for the exemption ends. Because the chief appraiser could require a new application to confirm the owner's continued qualification for the exemption, the bill would not cause a revenue loss to the state or to any local taxing unit. This bill would take effect January 1, 2010, and would only apply to ad valorem taxes imposed on or after the effective date. 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, KK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 19, 2009
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2814 by Oliveira (Relating to the procedure for claiming an exemption from ad valorem taxation for a motor vehicle used for the production of income and for personal activities.), As Engrossed
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB2814 by Oliveira (Relating to the procedure for claiming an exemption from ad valorem taxation for a motor vehicle used for the production of income and for personal activities.), As Engrossed
Honorable Steve Ogden, Chair, Senate Committee on Finance
Honorable Steve Ogden, Chair, Senate Committee on Finance
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB2814 by Oliveira (Relating to the procedure for claiming an exemption from ad valorem taxation for a motor vehicle used for the production of income and for personal activities.), As Engrossed
HB2814 by Oliveira (Relating to the procedure for claiming an exemption from ad valorem taxation for a motor vehicle used for the production of income and for personal activities.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
This bill would amend the Tax Code, regarding the exemption from property taxes currently provided to a person for one motor vehicle used in their occupation or profession, which is also used for personal activities. The bill would provide that, once allowed, this exemption would not require an annual application. Currently, owners seeking property tax exemptions on one motor vehicle used for business which is also used for personal activities must make application every year. This bill would allow the owner to make application once, and the vehicle would continue to be exempt until the ownership changes or the qualification for the exemption ends. Because the chief appraiser could require a new application to confirm the owner's continued qualification for the exemption, the bill would not cause a revenue loss to the state or to any local taxing unit. This bill would take effect January 1, 2010, and would only apply to ad valorem taxes imposed on or after the effective date.
This bill would amend the Tax Code, regarding the exemption from property taxes currently provided to a person for one motor vehicle used in their occupation or profession, which is also used for personal activities. The bill would provide that, once allowed, this exemption would not require an annual application.
Currently, owners seeking property tax exemptions on one motor vehicle used for business which is also used for personal activities must make application every year. This bill would allow the owner to make application once, and the vehicle would continue to be exempt until the ownership changes or the qualification for the exemption ends. Because the chief appraiser could require a new application to confirm the owner's continued qualification for the exemption, the bill would not cause a revenue loss to the state or to any local taxing unit.
This bill would take effect January 1, 2010, and would only apply to ad valorem taxes imposed on or after the effective date.
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, KK
JOB, MN, KK