LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 28, 2013 TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1059 by Bonnen, Greg (Relating to installment payments of the ad valorem taxes imposed on the residence homesteads of certain individuals.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Section 31.031, Tax Code, related to property tax installment payments from a person who is at least 65 years of age or disabled, or from an unmarried surviving spouse of a disabled veteran. The bill would change the deadline for making the first of the four required payments from before the delinquency date (normally February 1) to before March 1. The bill would affect the timing of certain property tax installment payments but would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state. The bill would take effect September 1, 2013 but would only apply to property taxes imposed for tax year 2014 or a later tax year. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 28, 2013
TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1059 by Bonnen, Greg (Relating to installment payments of the ad valorem taxes imposed on the residence homesteads of certain individuals.), As Introduced
TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1059 by Bonnen, Greg (Relating to installment payments of the ad valorem taxes imposed on the residence homesteads of certain individuals.), As Introduced
Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1059 by Bonnen, Greg (Relating to installment payments of the ad valorem taxes imposed on the residence homesteads of certain individuals.), As Introduced
HB1059 by Bonnen, Greg (Relating to installment payments of the ad valorem taxes imposed on the residence homesteads of certain individuals.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Section 31.031, Tax Code, related to property tax installment payments from a person who is at least 65 years of age or disabled, or from an unmarried surviving spouse of a disabled veteran. The bill would change the deadline for making the first of the four required payments from before the delinquency date (normally February 1) to before March 1. The bill would affect the timing of certain property tax installment payments but would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state. The bill would take effect September 1, 2013 but would only apply to property taxes imposed for tax year 2014 or a later tax year.
The bill would amend Section 31.031, Tax Code, related to property tax installment payments from a person who is at least 65 years of age or disabled, or from an unmarried surviving spouse of a disabled veteran. The bill would change the deadline for making the first of the four required payments from before the delinquency date (normally February 1) to before March 1.
The bill would affect the timing of certain property tax installment payments but would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state.
The bill would take effect September 1, 2013 but would only apply to property taxes imposed for tax year 2014 or a later tax year.
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: UP, KK, SD, SJS
UP, KK, SD, SJS