LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 17, 2017 TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB804 by Dale (relating to the entitlement of a lessee of property who is required to pay the ad valorem taxes on the property to receive notice of the appraised value of the property.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The bill would amend Chapter 41 of the Tax Code, regarding local appraisal review, to require a property owner to send a copy of the notice of appraised value to a person who is leasing property and is contractually obligated to reimburse the property owner for the taxes (rather than to any person who is leasing the property). The property owner would be required to send the copy not later than the 10th day after receiving the notice. A person leasing property who has a contractual obligation to reimburse the property owner for the taxes would be permitted to request the chief appraiser to send the notice of appraised value to the person. Except as provided below, a chief appraiser would be required to send the notice of appraised value to a requestor who has demonstrated the contractual obligation not later than the fifth day after the date the notice is sent to the property owner. If the notice of appraised value is posted on the appraisal district's internet website not later than the fifth day after the date the notice is sent to the property owner, the chief appraiser would not be required to send the notice. The bill modifies the law regarding persons with a contractual obligation to pay the property taxes on leased property, establishes deadlines and strikes an unnecessary notice requirement, but 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 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 17, 2017
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB804 by Dale (relating to the entitlement of a lessee of property who is required to pay the ad valorem taxes on the property to receive notice of the appraised value of the property.), Committee Report 1st House, Substituted
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB804 by Dale (relating to the entitlement of a lessee of property who is required to pay the ad valorem taxes on the property to receive notice of the appraised value of the property.), Committee Report 1st House, Substituted
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
HB804 by Dale (relating to the entitlement of a lessee of property who is required to pay the ad valorem taxes on the property to receive notice of the appraised value of the property.), Committee Report 1st House, Substituted
HB804 by Dale (relating to the entitlement of a lessee of property who is required to pay the ad valorem taxes on the property to receive notice of the appraised value of the property.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 41 of the Tax Code, regarding local appraisal review, to require a property owner to send a copy of the notice of appraised value to a person who is leasing property and is contractually obligated to reimburse the property owner for the taxes (rather than to any person who is leasing the property). The property owner would be required to send the copy not later than the 10th day after receiving the notice. A person leasing property who has a contractual obligation to reimburse the property owner for the taxes would be permitted to request the chief appraiser to send the notice of appraised value to the person. Except as provided below, a chief appraiser would be required to send the notice of appraised value to a requestor who has demonstrated the contractual obligation not later than the fifth day after the date the notice is sent to the property owner. If the notice of appraised value is posted on the appraisal district's internet website not later than the fifth day after the date the notice is sent to the property owner, the chief appraiser would not be required to send the notice. The bill modifies the law regarding persons with a contractual obligation to pay the property taxes on leased property, establishes deadlines and strikes an unnecessary notice requirement, but 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 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