LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 27, 2015 TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3881 by Bernal (Relating to installment payments of ad valorem taxes imposed on certain residence homesteads.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Section 31.031 of the Tax Code, regarding property tax collections and installment payments of certain homestead taxes, to specify that the individuals who may pay their homestead property taxes in installments are those addressed in Sections 11.13, 11.132, 11.22, Tax Code.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 January 1, 2016. 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, 84TH LEGISLATIVE REGULAR SESSION
April 27, 2015
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3881 by Bernal (Relating to installment payments of ad valorem taxes imposed on certain residence homesteads.), As Introduced
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3881 by Bernal (Relating to installment payments of ad valorem taxes imposed on certain residence homesteads.), As Introduced
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
HB3881 by Bernal (Relating to installment payments of ad valorem taxes imposed on certain residence homesteads.), As Introduced
HB3881 by Bernal (Relating to installment payments of ad valorem taxes imposed on certain residence homesteads.), 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 of the Tax Code, regarding property tax collections and installment payments of certain homestead taxes, to specify that the individuals who may pay their homestead property taxes in installments are those addressed in Sections 11.13, 11.132, 11.22, Tax Code.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 January 1, 2016.
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