LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 29, 2021 TO: Honorable Chris Turner, Chair, House Committee on Business & Industry FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1753 by Oliverson (Relating to certain required reports under the Texas workers' compensation system.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to certain required reports under the Texas workers' compensation system. Based on information provided by the Texas Department of Insurance, this analysis assumes nominal cost savings that would be reflected in the annual adjustment of maintenance tax rates for insurance carriers. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 454 Department of Insurance LBB Staff: b > td > JMc, SZ, MB, MPUK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 29, 2021
TO: Honorable Chris Turner, Chair, House Committee on Business & Industry FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1753 by Oliverson (Relating to certain required reports under the Texas workers' compensation system.), As Introduced
TO: Honorable Chris Turner, Chair, House Committee on Business & Industry
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1753 by Oliverson (Relating to certain required reports under the Texas workers' compensation system.), As Introduced
Honorable Chris Turner, Chair, House Committee on Business & Industry
Honorable Chris Turner, Chair, House Committee on Business & Industry
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1753 by Oliverson (Relating to certain required reports under the Texas workers' compensation system.), As Introduced
HB1753 by Oliverson (Relating to certain required reports under the Texas workers' compensation system.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to certain required reports under the Texas workers' compensation system. Based on information provided by the Texas Department of Insurance, this analysis assumes nominal cost savings that would be reflected in the annual adjustment of maintenance tax rates for insurance carriers.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 454 Department of Insurance
454 Department of Insurance
LBB Staff: b > td > JMc, SZ, MB, MPUK
JMc, SZ, MB, MPUK