LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION Revision 1 April 15, 2013 TO: Honorable Tommy Williams, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1662 by Eltife (Relating to certain appeals through binding arbitration of appraisal review board orders.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Section 41A of the Tax Code, related to property tax appeals through binding arbitration, to delete a property owner's entitlement to expedited arbitration. Under current law a property owner may select either expedited binding arbitration for a fee of $250 or regular binding arbitration for a fee of $500. The bill would delete the reduced fee for expedited arbitration along with the option of expedited arbitration. The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments. There would be an insignificant gain to the state. 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
Revision 1
April 15, 2013
Revision 1
Revision 1
TO: Honorable Tommy Williams, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1662 by Eltife (Relating to certain appeals through binding arbitration of appraisal review board orders.), As Introduced
TO: Honorable Tommy Williams, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1662 by Eltife (Relating to certain appeals through binding arbitration of appraisal review board orders.), As Introduced
Honorable Tommy Williams, Chair, Senate Committee on Finance
Honorable Tommy Williams, Chair, Senate Committee on Finance
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1662 by Eltife (Relating to certain appeals through binding arbitration of appraisal review board orders.), As Introduced
SB1662 by Eltife (Relating to certain appeals through binding arbitration of appraisal review board orders.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Section 41A of the Tax Code, related to property tax appeals through binding arbitration, to delete a property owner's entitlement to expedited arbitration. Under current law a property owner may select either expedited binding arbitration for a fee of $250 or regular binding arbitration for a fee of $500. The bill would delete the reduced fee for expedited arbitration along with the option of expedited arbitration. The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments. There would be an insignificant gain to the state.
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