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:HB54 by Branch (Relating to the information required to be provided in or with an ad valorem tax bill for school district taxes.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Section 31.01, Tax Code, by adding Subsection (d-2). The new subsection would apply only to the ad valorem tax bills for certain properties located in school districts that are subject to the wealth equalization provisions of Chapter 41, Education Code. The ad valorem tax bills of single-family residences, duplexes, and triplexes would be required to include information regarding the percentage of the ad valorem taxes that would be used to meet wealth equalization provisions. The bill would take effect on September 1, 2010 Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:701 Central Education Agency 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:HB54 by Branch (Relating to the information required to be provided in or with an ad valorem tax bill for school district taxes.), As Introduced
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB54 by Branch (Relating to the information required to be provided in or with an ad valorem tax bill for school district 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
HB54 by Branch (Relating to the information required to be provided in or with an ad valorem tax bill for school district taxes.), As Introduced
HB54 by Branch (Relating to the information required to be provided in or with an ad valorem tax bill for school district taxes.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Section 31.01, Tax Code, by adding Subsection (d-2). The new subsection would apply only to the ad valorem tax bills for certain properties located in school districts that are subject to the wealth equalization provisions of Chapter 41, Education Code. The ad valorem tax bills of single-family residences, duplexes, and triplexes would be required to include information regarding the percentage of the ad valorem taxes that would be used to meet wealth equalization provisions. The bill would take effect on September 1, 2010
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 701 Central Education Agency
701 Central Education Agency
LBB Staff: JOB, MN, SD, SJS
JOB, MN, SD, SJS