LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 5, 2011 TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB916 by Wentworth (Relating to ad valorem tax lien transfers.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Section 32.06(a-3) of the Tax Code to provide that for tax lien transfers for which the property owner has executed an authorization consenting to a transfer of the tax liens for all delinquent property taxes the collector is permitted but not required to certify in one document the transfer of the liens for all the taxes. The bill would amend Section 33.445(b) of the Tax Code to provide that the transfer of a tax lien does not require authorization by the property owner. The bill would make procedural changes regarding the certification and authorization of property tax lien transfers but would not change taxable values, exemptions, tax rates or any other variable affecting property tax levies. Consequently, there would be no fiscal impact to the state or units of local government. The bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2011. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, KKR, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 5, 2011
TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB916 by Wentworth (Relating to ad valorem tax lien transfers.), As Introduced
TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB916 by Wentworth (Relating to ad valorem tax lien transfers.), As Introduced
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB916 by Wentworth (Relating to ad valorem tax lien transfers.), As Introduced
SB916 by Wentworth (Relating to ad valorem tax lien transfers.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Section 32.06(a-3) of the Tax Code to provide that for tax lien transfers for which the property owner has executed an authorization consenting to a transfer of the tax liens for all delinquent property taxes the collector is permitted but not required to certify in one document the transfer of the liens for all the taxes. The bill would amend Section 33.445(b) of the Tax Code to provide that the transfer of a tax lien does not require authorization by the property owner. The bill would make procedural changes regarding the certification and authorization of property tax lien transfers but would not change taxable values, exemptions, tax rates or any other variable affecting property tax levies. Consequently, there would be no fiscal impact to the state or units of local government. The bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2011.
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, KKR, SD, SJS
JOB, KKR, SD, SJS