LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 28, 2021 TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HJR81 by Davis (Proposing a constitutional amendment to authorize the legislature to permit certain political subdivisions to adopt a temporary limitation on the appraised value for taxation of certain real property located in specified areas.), As Introduced No fiscal implication to the State is anticipated, other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation. The cost to the state for publication of the resolution is $178,333. The resolution would propose an amendment to Article VIII of the Texas Constitution to permit the Legislature by local law to authorize the governing body of a political subdivision to adopt a temporary limitation on the appraised value for real property located in specified areas. Property subject to the limitation would be taxed at the lesser of the appraised value or the appraised value in the year before the limitation took effect. The resolution would require that the law specify certain areas and prescribes other requirements.Adoption of the proposed constitutional amendment alone would have no fiscal impact on the state or units of local government other than the cost of publication. Any fiscal impact would depend on the corresponding enabling legislation (HB 1577).The cost to the state for publication of the resolution is $178,333.The proposed amendment would be submitted to the voters at an election to be held November 2, 2021. Local Government ImpactAdoption of the proposed constitutional amendment alone would have no fiscal impact on the state or units of local government. Any fiscal impact would depend on the corresponding enabling legislation. Source Agencies: b > td > 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, KK, SD, BRI
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 28, 2021
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HJR81 by Davis (Proposing a constitutional amendment to authorize the legislature to permit certain political subdivisions to adopt a temporary limitation on the appraised value for taxation of certain real property located in specified areas.), As Introduced
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HJR81 by Davis (Proposing a constitutional amendment to authorize the legislature to permit certain political subdivisions to adopt a temporary limitation on the appraised value for taxation of certain real property located in specified areas.), As Introduced
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HJR81 by Davis (Proposing a constitutional amendment to authorize the legislature to permit certain political subdivisions to adopt a temporary limitation on the appraised value for taxation of certain real property located in specified areas.), As Introduced
HJR81 by Davis (Proposing a constitutional amendment to authorize the legislature to permit certain political subdivisions to adopt a temporary limitation on the appraised value for taxation of certain real property located in specified areas.), As Introduced
No fiscal implication to the State is anticipated, other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation. The cost to the state for publication of the resolution is $178,333.
No fiscal implication to the State is anticipated, other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation. The cost to the state for publication of the resolution is $178,333.
The resolution would propose an amendment to Article VIII of the Texas Constitution to permit the Legislature by local law to authorize the governing body of a political subdivision to adopt a temporary limitation on the appraised value for real property located in specified areas. Property subject to the limitation would be taxed at the lesser of the appraised value or the appraised value in the year before the limitation took effect. The resolution would require that the law specify certain areas and prescribes other requirements.Adoption of the proposed constitutional amendment alone would have no fiscal impact on the state or units of local government other than the cost of publication. Any fiscal impact would depend on the corresponding enabling legislation (HB 1577).The cost to the state for publication of the resolution is $178,333.The proposed amendment would be submitted to the voters at an election to be held November 2, 2021.
The resolution would propose an amendment to Article VIII of the Texas Constitution to permit the Legislature by local law to authorize the governing body of a political subdivision to adopt a temporary limitation on the appraised value for real property located in specified areas. Property subject to the limitation would be taxed at the lesser of the appraised value or the appraised value in the year before the limitation took effect. The resolution would require that the law specify certain areas and prescribes other requirements.
The cost to the state for publication of the resolution is $178,333.The proposed amendment would be submitted to the voters at an election to be held November 2, 2021.
The proposed amendment would be submitted to the voters at an election to be held November 2, 2021.
Local Government Impact
Adoption of the proposed constitutional amendment alone would have no fiscal impact on the state or units of local government. Any fiscal impact would depend on the corresponding enabling legislation.
Source Agencies: b > td > 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, KK, SD, BRI
JMc, KK, SD, BRI