LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 30, 2009 TO: Honorable David Dewhurst , Lieutenant Governor, Senate Honorable Joe Straus, Speaker of the House, House of Representatives FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3983 by Rodriguez (relating to the imposition of property taxes on the residential homesteads of low-income and moderate-income persons. ), Conference Committee Report No significant fiscal implication to the State is anticipated. The bill would amend the Local Government Code regarding tax rates and board membership for certain preservation reinvestment zones. The bill would require the Comptroller of Public Accounts to conduct a study to examine circuitbreaker programs as a means of expanding and protecting the homestead interests of low-income andmoderate-income families. The bill includes requirements associated with conducting the study,including authorizing the comptroller to contract with appraisal districts, taxing units, or otherappropriate organizations for assistance and to obtain information necessary to conduct the study. Astate agency, appraisal district, or taxing unit would be required to assist the comptroller if requested.Not later than December 1, 2010, the comptroller would be required to submit the report on the studyto the governor, lieutenant governor, and speaker of the house of representatives. This part of the billwould expire September 1, 2011. The bill would take effect September 1, 2009. Based on analysis from the Comptroller of Public Accounts, it is anticipated that implementation ofprovisions of the bill could be absorbed within existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated as a result of the proposed changes to the Local Government Code. The fiscal impact to an appraisal district, taxing unit, or other local government entity in response to arequest for assistance from the comptroller would depend on the specifics of the request andconditions of a contract related to providing that assistance. Source Agencies: LBB Staff: JOB, DB, JRO, MN
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 30, 2009
TO: Honorable David Dewhurst , Lieutenant Governor, Senate Honorable Joe Straus, Speaker of the House, House of Representatives FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3983 by Rodriguez (relating to the imposition of property taxes on the residential homesteads of low-income and moderate-income persons. ), Conference Committee Report
TO: Honorable David Dewhurst , Lieutenant Governor, Senate Honorable Joe Straus, Speaker of the House, House of Representatives
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB3983 by Rodriguez (relating to the imposition of property taxes on the residential homesteads of low-income and moderate-income persons. ), Conference Committee Report
Honorable David Dewhurst , Lieutenant Governor, Senate Honorable Joe Straus, Speaker of the House, House of Representatives
Honorable David Dewhurst , Lieutenant Governor, Senate Honorable Joe Straus, Speaker of the House, House of Representatives
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB3983 by Rodriguez (relating to the imposition of property taxes on the residential homesteads of low-income and moderate-income persons. ), Conference Committee Report
HB3983 by Rodriguez (relating to the imposition of property taxes on the residential homesteads of low-income and moderate-income persons. ), Conference Committee Report
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Local Government Code regarding tax rates and board membership for certain preservation reinvestment zones. The bill would require the Comptroller of Public Accounts to conduct a study to examine circuitbreaker programs as a means of expanding and protecting the homestead interests of low-income andmoderate-income families. The bill includes requirements associated with conducting the study,including authorizing the comptroller to contract with appraisal districts, taxing units, or otherappropriate organizations for assistance and to obtain information necessary to conduct the study. Astate agency, appraisal district, or taxing unit would be required to assist the comptroller if requested.Not later than December 1, 2010, the comptroller would be required to submit the report on the studyto the governor, lieutenant governor, and speaker of the house of representatives. This part of the billwould expire September 1, 2011. The bill would take effect September 1, 2009. Based on analysis from the Comptroller of Public Accounts, it is anticipated that implementation ofprovisions of the bill could be absorbed within existing resources.
The bill would amend the Local Government Code regarding tax rates and board membership for certain preservation reinvestment zones.
The bill would require the Comptroller of Public Accounts to conduct a study to examine circuitbreaker programs as a means of expanding and protecting the homestead interests of low-income andmoderate-income families. The bill includes requirements associated with conducting the study,including authorizing the comptroller to contract with appraisal districts, taxing units, or otherappropriate organizations for assistance and to obtain information necessary to conduct the study. Astate agency, appraisal district, or taxing unit would be required to assist the comptroller if requested.Not later than December 1, 2010, the comptroller would be required to submit the report on the studyto the governor, lieutenant governor, and speaker of the house of representatives. This part of the billwould expire September 1, 2011.
The bill would take effect September 1, 2009.
Based on analysis from the Comptroller of Public Accounts, it is anticipated that implementation ofprovisions of the bill could be absorbed within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated as a result of the proposed changes to the Local Government Code. The fiscal impact to an appraisal district, taxing unit, or other local government entity in response to arequest for assistance from the comptroller would depend on the specifics of the request andconditions of a contract related to providing that assistance.
No significant fiscal implication to units of local government is anticipated as a result of the proposed changes to the Local Government Code.
The fiscal impact to an appraisal district, taxing unit, or other local government entity in response to arequest for assistance from the comptroller would depend on the specifics of the request andconditions of a contract related to providing that assistance.
Source Agencies:
LBB Staff: JOB, DB, JRO, MN
JOB, DB, JRO, MN