LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 19, 2011 TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB449 by Watson (Relating to the appraisal for ad valorem tax purposes of open-space land devoted to water stewardship purposes on the basis of its productive capacity.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Chapter 23 of the Tax Code, regarding property taxation appraisal methods and procedures, to add "water stewardship" to the list of land uses that may qualify for productivity appraisal. The bill would define water stewardship as actively using land in three out of a list of seven activities to promote and sustain water quality and conservation of water resources; or maintaining a water right on deposit in the Texas Water Trust in accordance with Section 15.7031 of the Water Code; or holding a water right that authorizes the use of water for in stream flows dedicated to environmental needs or bay and estuary inflows as provided by Section 11.0237 of the Water Code. To qualify for water stewardship use the land would be required to be appraised as qualified open-space or timber land at the time the water stewardship use began, at the time a water right was deposited in the Texas Water Trust, or at the time a water right was amended to authorize the use of water for instream flows dedicated to environmental needs or bay and estuary inflows Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, KK, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 19, 2011
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB449 by Watson (Relating to the appraisal for ad valorem tax purposes of open-space land devoted to water stewardship purposes on the basis of its productive capacity.), As Introduced
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB449 by Watson (Relating to the appraisal for ad valorem tax purposes of open-space land devoted to water stewardship purposes on the basis of its productive capacity.), As Introduced
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
SB449 by Watson (Relating to the appraisal for ad valorem tax purposes of open-space land devoted to water stewardship purposes on the basis of its productive capacity.), As Introduced
SB449 by Watson (Relating to the appraisal for ad valorem tax purposes of open-space land devoted to water stewardship purposes on the basis of its productive capacity.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 23 of the Tax Code, regarding property taxation appraisal methods and procedures, to add "water stewardship" to the list of land uses that may qualify for productivity appraisal. The bill would define water stewardship as actively using land in three out of a list of seven activities to promote and sustain water quality and conservation of water resources; or maintaining a water right on deposit in the Texas Water Trust in accordance with Section 15.7031 of the Water Code; or holding a water right that authorizes the use of water for in stream flows dedicated to environmental needs or bay and estuary inflows as provided by Section 11.0237 of the Water Code. To qualify for water stewardship use the land would be required to be appraised as qualified open-space or timber land at the time the water stewardship use began, at the time a water right was deposited in the Texas Water Trust, or at the time a water right was amended to authorize the use of water for instream flows dedicated to environmental needs or bay and estuary inflows
The bill would amend Chapter 23 of the Tax Code, regarding property taxation appraisal methods and procedures, to add "water stewardship" to the list of land uses that may qualify for productivity appraisal. The bill would define water stewardship as actively using land in three out of a list of seven activities to promote and sustain water quality and conservation of water resources; or maintaining a water right on deposit in the Texas Water Trust in accordance with Section 15.7031 of the Water Code; or holding a water right that authorizes the use of water for in stream flows dedicated to environmental needs or bay and estuary inflows as provided by Section 11.0237 of the Water Code.
To qualify for water stewardship use the land would be required to be appraised as qualified open-space or timber land at the time the water stewardship use began, at the time a water right was deposited in the Texas Water Trust, or at the time a water right was amended to authorize the use of water for instream flows dedicated to environmental needs or bay and estuary inflows
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, KK, SD, SJS
JOB, KK, SD, SJS