LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 10, 2015 TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2177 by Huberty (relating to the power of a commissioners court to authorize ad valorem tax sales of real property to be conducted by means of online auctions. ), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The bill would amend Chapter 34, of the Tax Code, regarding property taxation, tax sales, and redemption, to permit the commissioners court of a county to authorize the officer charged with selling property to conduct a public auction using on-line bidding and sale. The commissioners court would be permitted to adopt rules governing the on-line auctions.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 or the state.The bill would take effect immediately upon enactment, assuming it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2015. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, SD, SJS, KVe
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 10, 2015
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2177 by Huberty (relating to the power of a commissioners court to authorize ad valorem tax sales of real property to be conducted by means of online auctions. ), Committee Report 1st House, Substituted
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2177 by Huberty (relating to the power of a commissioners court to authorize ad valorem tax sales of real property to be conducted by means of online auctions. ), Committee Report 1st House, Substituted
Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2177 by Huberty (relating to the power of a commissioners court to authorize ad valorem tax sales of real property to be conducted by means of online auctions. ), Committee Report 1st House, Substituted
HB2177 by Huberty (relating to the power of a commissioners court to authorize ad valorem tax sales of real property to be conducted by means of online auctions. ), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 34, of the Tax Code, regarding property taxation, tax sales, and redemption, to permit the commissioners court of a county to authorize the officer charged with selling property to conduct a public auction using on-line bidding and sale. The commissioners court would be permitted to adopt rules governing the on-line auctions.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 or the state.The bill would take effect immediately upon enactment, assuming it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2015.
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, KK, SD, SJS, KVe
UP, KK, SD, SJS, KVe