LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 28, 2015 TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3960 by Bernal (Relating to the authority of a property owner to enter into a property tax loan if the property is already subject to a lien securing such a loan.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Chapter 32 of the Tax Code, regarding property tax liens and personal liability, to provide that a real property tax lien may not be transferred to a properly authorized person who pays the taxes on behalf of the property owner, if the property is encumbered by a previously transferred tax lien.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 September 1, 2015. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, CL, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 28, 2015
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3960 by Bernal (Relating to the authority of a property owner to enter into a property tax loan if the property is already subject to a lien securing such a loan.), As Introduced
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3960 by Bernal (Relating to the authority of a property owner to enter into a property tax loan if the property is already subject to a lien securing such a loan.), As Introduced
Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB3960 by Bernal (Relating to the authority of a property owner to enter into a property tax loan if the property is already subject to a lien securing such a loan.), As Introduced
HB3960 by Bernal (Relating to the authority of a property owner to enter into a property tax loan if the property is already subject to a lien securing such a loan.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 32 of the Tax Code, regarding property tax liens and personal liability, to provide that a real property tax lien may not be transferred to a properly authorized person who pays the taxes on behalf of the property owner, if the property is encumbered by a previously transferred tax lien.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 September 1, 2015.
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, CL, SD, SJS
UP, CL, SD, SJS