LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION April 9, 2013 TO: Honorable Juan Hinojosa, Chair, Senate Committee on Intergovernmental Relations FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1510 by Hinojosa (Relating to the public notice required to be provided by certain taxing units before adopting an ad valorem tax rate.), As Introduced No fiscal implication to the State is anticipated. The bill would add Section 140.010 to Chapter 140 of the Local Government Code to require each county or municipality to provide notice of the proposed property tax rate provided by this section prior to adopting an ad valorem tax. A county or a municipality that provides notice would be exempt from the notice and publication requirements of certain sections of the Tax Code, and would not be subject to an injunction for failure to comply with those requirements. A county or a municipality that publishes notice under this section would be required to provide specified tax information upon request. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KKR, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
April 9, 2013
TO: Honorable Juan Hinojosa, Chair, Senate Committee on Intergovernmental Relations FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1510 by Hinojosa (Relating to the public notice required to be provided by certain taxing units before adopting an ad valorem tax rate.), As Introduced
TO: Honorable Juan Hinojosa, Chair, Senate Committee on Intergovernmental Relations
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1510 by Hinojosa (Relating to the public notice required to be provided by certain taxing units before adopting an ad valorem tax rate.), As Introduced
Honorable Juan Hinojosa, Chair, Senate Committee on Intergovernmental Relations
Honorable Juan Hinojosa, Chair, Senate Committee on Intergovernmental Relations
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1510 by Hinojosa (Relating to the public notice required to be provided by certain taxing units before adopting an ad valorem tax rate.), As Introduced
SB1510 by Hinojosa (Relating to the public notice required to be provided by certain taxing units before adopting an ad valorem tax rate.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would add Section 140.010 to Chapter 140 of the Local Government Code to require each county or municipality to provide notice of the proposed property tax rate provided by this section prior to adopting an ad valorem tax. A county or a municipality that provides notice would be exempt from the notice and publication requirements of certain sections of the Tax Code, and would not be subject to an injunction for failure to comply with those requirements. A county or a municipality that publishes notice under this section would be required to provide specified tax information upon request.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KKR, TP
UP, KKR, TP