LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 7, 2015 TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1021 by Creighton (Relating to reporting requirements for certain unclaimed property.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend Chapter 1109 of the Insurance Code and Chapter 74 of the Property Code to reduce from $50 to $25 the amount of unclaimed property which must be reported individually. According to the Comptroller, since the change affects only the required information to be reported, the bill would not have a significant impact on revenue from unclaimed property. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, CL, EP, LCO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 7, 2015
TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1021 by Creighton (Relating to reporting requirements for certain unclaimed property.), As Engrossed
TO: Honorable René Oliveira, Chair, House Committee on Business & Industry
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1021 by Creighton (Relating to reporting requirements for certain unclaimed property.), As Engrossed
Honorable René Oliveira, Chair, House Committee on Business & Industry
Honorable René Oliveira, Chair, House Committee on Business & Industry
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1021 by Creighton (Relating to reporting requirements for certain unclaimed property.), As Engrossed
SB1021 by Creighton (Relating to reporting requirements for certain unclaimed property.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 1109 of the Insurance Code and Chapter 74 of the Property Code to reduce from $50 to $25 the amount of unclaimed property which must be reported individually. According to the Comptroller, since the change affects only the required information to be reported, the bill would not have a significant impact on revenue from unclaimed property.
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, EP, LCO
UP, CL, EP, LCO