LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 25, 2017 TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2591 by Herrero (Relating to the exemption from taxes and special assessments of property of a navigation district.), As Introduced To the extent that navigation district property is not currently exempt, there would be a cost to local taxing units and to the State through the school funding formula. The bill amends Chapter 60 of the Water Code, relating to navigation districts, to provide that navigation district property is public property used for essential public and governmental purposes. The district and district's property would be exempt from all taxes and special assessments imposed by the state or a political subdivision of this state.Currently, property owned by a political subdivision is exempt from property taxation if it used for public purposes. To the extent that navigation district property is taxable (not currently exempt), there would be a cost to local taxing units and to the state through the school funding formula. The amount and value of property owned by navigation districts that is not currently exempt is unknown and therefore the fiscal impact cannot be estimated.The bill would take effect immediately upon enactment, assuming it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2017. Local Government Impact To the extent that navigation district property is not currently exempt, there would be a cost to local taxing units. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, AG, BM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
April 25, 2017
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2591 by Herrero (Relating to the exemption from taxes and special assessments of property of a navigation district.), As Introduced
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2591 by Herrero (Relating to the exemption from taxes and special assessments of property of a navigation district.), 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
HB2591 by Herrero (Relating to the exemption from taxes and special assessments of property of a navigation district.), As Introduced
HB2591 by Herrero (Relating to the exemption from taxes and special assessments of property of a navigation district.), As Introduced
To the extent that navigation district property is not currently exempt, there would be a cost to local taxing units and to the State through the school funding formula.
To the extent that navigation district property is not currently exempt, there would be a cost to local taxing units and to the State through the school funding formula.
The bill amends Chapter 60 of the Water Code, relating to navigation districts, to provide that navigation district property is public property used for essential public and governmental purposes. The district and district's property would be exempt from all taxes and special assessments imposed by the state or a political subdivision of this state.Currently, property owned by a political subdivision is exempt from property taxation if it used for public purposes. To the extent that navigation district property is taxable (not currently exempt), there would be a cost to local taxing units and to the state through the school funding formula. The amount and value of property owned by navigation districts that is not currently exempt is unknown and therefore the fiscal impact cannot be estimated.The bill would take effect immediately upon enactment, assuming it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2017.
Local Government Impact
To the extent that navigation district property is not currently exempt, there would be a cost to local taxing units.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, AG, BM
UP, KK, AG, BM