LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 9, 2017 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2989 by Bonnen, Dennis (Relating to payment of an ad valorem tax refund in the event of a tax roll correction that decreases a property owner's tax liability.), As Engrossed No fiscal implication to the State is anticipated. The bill would amend Chapter 26 of the Tax Code, regarding property tax assessment, to provide that if a tax roll correction that decreases the tax liability of a property owner is made after the owner has paid the tax, the taxing unit shall refund to the property owner who paid the tax (rather than just to the property owner) the difference between the tax paid and the tax legally due, except as otherwise provided.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 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 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
May 9, 2017
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2989 by Bonnen, Dennis (Relating to payment of an ad valorem tax refund in the event of a tax roll correction that decreases a property owner's tax liability.), As Engrossed
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2989 by Bonnen, Dennis (Relating to payment of an ad valorem tax refund in the event of a tax roll correction that decreases a property owner's tax liability.), 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
HB2989 by Bonnen, Dennis (Relating to payment of an ad valorem tax refund in the event of a tax roll correction that decreases a property owner's tax liability.), As Engrossed
HB2989 by Bonnen, Dennis (Relating to payment of an ad valorem tax refund in the event of a tax roll correction that decreases a property owner's tax liability.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 26 of the Tax Code, regarding property tax assessment, to provide that if a tax roll correction that decreases the tax liability of a property owner is made after the owner has paid the tax, the taxing unit shall refund to the property owner who paid the tax (rather than just to the property owner) the difference between the tax paid and the tax legally due, except as otherwise provided.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 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
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