LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION March 13, 2017 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB945 by Bettencourt (Relating to the authority of the chief appraiser of an appraisal district to correct an ad valorem tax appraisal roll.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Chapter 25 of the Tax Code, regarding local property tax appraisal, to add to the list of appraisal roll items that may be corrected by the chief appraiser at any time an erroneous denial or cancellation of: 1. a residence homestead exemption if the applicant or recipient is disabled or is age 65 or older;2. a residence homestead exemption for a surviving spouse of an individual who had an age 65 or older exemption;3. a residence homestead exemption for a totally disabled veteran or the veteran's surviving spouse; or 4. an exemption for a partially disabled veteran or the veteran's surviving spouse or certain surviving children. Some erroneously denied or cancelled exemptions would be corrected under the bill that would not have been corrected under current law causing a cost to local taxing units and to the state through the school funding formula. The cost of the exemptions corrected under the bill would not be significantly greater than the cost of exemptions granted under the late application provisions in current law.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 significant 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
March 13, 2017
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB945 by Bettencourt (Relating to the authority of the chief appraiser of an appraisal district to correct an ad valorem tax appraisal roll.), As Introduced
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB945 by Bettencourt (Relating to the authority of the chief appraiser of an appraisal district to correct an ad valorem tax appraisal roll.), As Introduced
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
SB945 by Bettencourt (Relating to the authority of the chief appraiser of an appraisal district to correct an ad valorem tax appraisal roll.), As Introduced
SB945 by Bettencourt (Relating to the authority of the chief appraiser of an appraisal district to correct an ad valorem tax appraisal roll.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 25 of the Tax Code, regarding local property tax appraisal, to add to the list of appraisal roll items that may be corrected by the chief appraiser at any time an erroneous denial or cancellation of: 1. a residence homestead exemption if the applicant or recipient is disabled or is age 65 or older;2. a residence homestead exemption for a surviving spouse of an individual who had an age 65 or older exemption;3. a residence homestead exemption for a totally disabled veteran or the veteran's surviving spouse; or 4. an exemption for a partially disabled veteran or the veteran's surviving spouse or certain surviving children. Some erroneously denied or cancelled exemptions would be corrected under the bill that would not have been corrected under current law causing a cost to local taxing units and to the state through the school funding formula. The cost of the exemptions corrected under the bill would not be significantly greater than the cost of exemptions granted under the late application provisions in current law.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 significant 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