LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 11, 2015 TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SJR30 by Taylor, Larry (Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property leased to certain schools organized and operated primarily for the purpose of engaging in educational functions.), As Engrossed The resolution alone would have no fiscal implication to the State other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation.The cost to the state for publication of the resolution is $118,681. The resolution would propose an amendment to Section 2(a), Article VIII, of the Texas Constitution, to add to the list of property tax exemptions the Legislature is permitted to grant: any real property that is leased to a person for use as a school that operates under a charter granted by the State Board of Education, the Commissioner of Education, or any other state officer that is qualified as provided by Section 11.21, Tax Code, or a successor statute.Voter approval of the proposed constitutional amendment, in and of itself, would have no fiscal impact on the state or units of local government. Any fiscal impact would depend on the corresponding enabling legislation (SB 545).The proposed amendment would be submitted to voters at an election to be held November 3, 2015, and if approved would take effect on January 1, 2016. Local Government Impact The proposed constitutional amendment alone would have no fiscal implication to units of local government. Any fiscal implication would be attributable to the corresponding enabling legislation. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 11, 2015
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SJR30 by Taylor, Larry (Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property leased to certain schools organized and operated primarily for the purpose of engaging in educational functions.), As Engrossed
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SJR30 by Taylor, Larry (Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property leased to certain schools organized and operated primarily for the purpose of engaging in educational functions.), As Engrossed
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
SJR30 by Taylor, Larry (Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property leased to certain schools organized and operated primarily for the purpose of engaging in educational functions.), As Engrossed
SJR30 by Taylor, Larry (Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property leased to certain schools organized and operated primarily for the purpose of engaging in educational functions.), As Engrossed
The resolution alone would have no fiscal implication to the State other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation.The cost to the state for publication of the resolution is $118,681.
The resolution alone would have no fiscal implication to the State other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation.The cost to the state for publication of the resolution is $118,681.
The resolution would propose an amendment to Section 2(a), Article VIII, of the Texas Constitution, to add to the list of property tax exemptions the Legislature is permitted to grant: any real property that is leased to a person for use as a school that operates under a charter granted by the State Board of Education, the Commissioner of Education, or any other state officer that is qualified as provided by Section 11.21, Tax Code, or a successor statute.Voter approval of the proposed constitutional amendment, in and of itself, would have no fiscal impact on the state or units of local government. Any fiscal impact would depend on the corresponding enabling legislation (SB 545).The proposed amendment would be submitted to voters at an election to be held November 3, 2015, and if approved would take effect on January 1, 2016.
Local Government Impact
The proposed constitutional amendment alone would have no fiscal implication to units of local government. Any fiscal implication would be attributable to the corresponding enabling legislation.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, SD, SJS
UP, KK, SD, SJS