LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 2, 2009 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3000 by Homer (Relating to the eligibility of a heavy equipment dealer to receive a refund or credit for the overpayment of ad valorem taxes.), As Introduced No fiscal implication to the State is anticipated. The bill would allow a heavy equipment dealer, if the amount in an escrow account exceeds the amount of the taxes due, to receive a refund of the excess amount, or a credit in the amount of the excess amount, to be credited to the owner's escrow account for prepayment of taxes imposed in the following tax year. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JOB, MN, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 2, 2009
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3000 by Homer (Relating to the eligibility of a heavy equipment dealer to receive a refund or credit for the overpayment of ad valorem taxes.), As Introduced
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB3000 by Homer (Relating to the eligibility of a heavy equipment dealer to receive a refund or credit for the overpayment of ad valorem taxes.), 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
HB3000 by Homer (Relating to the eligibility of a heavy equipment dealer to receive a refund or credit for the overpayment of ad valorem taxes.), As Introduced
HB3000 by Homer (Relating to the eligibility of a heavy equipment dealer to receive a refund or credit for the overpayment of ad valorem taxes.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would allow a heavy equipment dealer, if the amount in an escrow account exceeds the amount of the taxes due, to receive a refund of the excess amount, or a credit in the amount of the excess amount, to be credited to the owner's escrow account for prepayment of taxes imposed in the following tax year.
The bill would allow a heavy equipment dealer, if the amount in an escrow account exceeds the amount of the taxes due, to receive a refund of the excess amount, or a credit in the amount of the excess amount, to be credited to the owner's escrow account for prepayment of taxes imposed in the following tax year.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, MN, SD, SJS
JOB, MN, SD, SJS