LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 27, 2017 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1346 by Button (Relating to the date for prepayment of taxes on a dealer's heavy equipment inventory.), As Engrossed No fiscal implication to the State is anticipated. The bill would amend Chapter 23 of the Tax Code, regarding property tax appraisal methods and procedures, to modify from the 10th of each month to the 20th of each month the deadline for owners and dealers of dealer's heavy equipment inventory to file monthly tax statements, along with a deposit equal to the total unit property tax assigned to all items of heavy equipment inventory in the preceding month for the prepayment of property taxes. 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.This bill would take effect on September 1, 2017. 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, 85TH LEGISLATIVE REGULAR SESSION
April 27, 2017
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1346 by Button (Relating to the date for prepayment of taxes on a dealer's heavy equipment inventory.), As Engrossed
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1346 by Button (Relating to the date for prepayment of taxes on a dealer's heavy equipment inventory.), As Engrossed
Honorable Jane Nelson, Chair, Senate Committee on Finance
Honorable Jane Nelson, Chair, Senate Committee on Finance
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1346 by Button (Relating to the date for prepayment of taxes on a dealer's heavy equipment inventory.), As Engrossed
HB1346 by Button (Relating to the date for prepayment of taxes on a dealer's heavy equipment inventory.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 23 of the Tax Code, regarding property tax appraisal methods and procedures, to modify from the 10th of each month to the 20th of each month the deadline for owners and dealers of dealer's heavy equipment inventory to file monthly tax statements, along with a deposit equal to the total unit property tax assigned to all items of heavy equipment inventory in the preceding month for the prepayment of property taxes. 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.This bill would take effect on September 1, 2017.
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