LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 4, 2023 TO: Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1340 by Zaffirini (Relating to the local development agreement database maintained by the comptroller of public accounts.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for SB1340, As Introduced : a negative impact of ($3,024,000) through the biennium ending August 31, 2025. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. General Revenue-Related Funds, Five- Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact toGeneral Revenue Related Funds2024($2,016,000)2025($1,008,000)2026$02027$02028$0All Funds, Five-Year Impact: Fiscal Year Probable (Cost) fromGeneral Revenue Fund12024($2,016,000)2025($1,008,000)2026$02027$02028$0 Fiscal AnalysisThe bill would amend Section 403 of the Government Code to include Tax Code 312 and 313 agreements in the Chapter 380 and 381 Agreement Database, renaming it the Local Development Agreements Database. It would also include school districts in the definition of "local governments" for purposes of Chapter 312 and 313 agreements.The bill would add certain information to be included in the database, and would require that all database information be included in reports to the comptroller from the chief appraiser of each appraisal district that designates reinvestment zones.The bill would require school districts that enter into agreements under Tax Code 312 or 313 to provide information regarding the projects to the comptroller for entry into the database.The bill would require taxing units that maintain an internet website, and that execute tax abatement agreements under Tax Code 312 or 313 to provide a direct link to the location of the agreement information published on the comptroller's website.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 4, 2023
TO: Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1340 by Zaffirini (Relating to the local development agreement database maintained by the comptroller of public accounts.), As Introduced
TO: Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1340 by Zaffirini (Relating to the local development agreement database maintained by the comptroller of public accounts.), As Introduced
Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development
Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB1340 by Zaffirini (Relating to the local development agreement database maintained by the comptroller of public accounts.), As Introduced
SB1340 by Zaffirini (Relating to the local development agreement database maintained by the comptroller of public accounts.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for SB1340, As Introduced : a negative impact of ($3,024,000) through the biennium ending August 31, 2025. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Estimated Two-year Net Impact to General Revenue Related Funds for SB1340, As Introduced : a negative impact of ($3,024,000) through the biennium ending August 31, 2025. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five- Year Impact:
2024 ($2,016,000)
2025 ($1,008,000)
2026 $0
2027 $0
2028 $0
All Funds, Five-Year Impact:
2024 ($2,016,000)
2025 ($1,008,000)
2026 $0
2027 $0
2028 $0
Fiscal Analysis
The bill would amend Section 403 of the Government Code to include Tax Code 312 and 313 agreements in the Chapter 380 and 381 Agreement Database, renaming it the Local Development Agreements Database. It would also include school districts in the definition of "local governments" for purposes of Chapter 312 and 313 agreements.The bill would add certain information to be included in the database, and would require that all database information be included in reports to the comptroller from the chief appraiser of each appraisal district that designates reinvestment zones.The bill would require school districts that enter into agreements under Tax Code 312 or 313 to provide information regarding the projects to the comptroller for entry into the database.The bill would require taxing units that maintain an internet website, and that execute tax abatement agreements under Tax Code 312 or 313 to provide a direct link to the location of the agreement information published on the comptroller's website.
The bill would add certain information to be included in the database, and would require that all database information be included in reports to the comptroller from the chief appraiser of each appraisal district that designates reinvestment zones.The bill would require school districts that enter into agreements under Tax Code 312 or 313 to provide information regarding the projects to the comptroller for entry into the database.The bill would require taxing units that maintain an internet website, and that execute tax abatement agreements under Tax Code 312 or 313 to provide a direct link to the location of the agreement information published on the comptroller's website.
The bill would require school districts that enter into agreements under Tax Code 312 or 313 to provide information regarding the projects to the comptroller for entry into the database.The bill would require taxing units that maintain an internet website, and that execute tax abatement agreements under Tax Code 312 or 313 to provide a direct link to the location of the agreement information published on the comptroller's website.
The bill would require school districts that enter into agreements under Tax Code 312 or 313 to provide information regarding the projects to the comptroller for entry into the database.
The bill would require taxing units that maintain an internet website, and that execute tax abatement agreements under Tax Code 312 or 313 to provide a direct link to the location of the agreement information published on the comptroller's website.
The bill would require taxing units that maintain an internet website, and that execute tax abatement agreements under Tax Code 312 or 313 to provide a direct link to the location of the agreement information published on the comptroller's website.
Methodology
According to the Comptroller of Public Accounts, the agency would have a one-time technology cost for an estimated 20,160 software programming hours to modify, update, and combine the database as necessary to implement the provisions of the bill. The All Funds cost for the programming hours is estimated to be $3,024,000 for the 2024-25 biennium.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 701 Texas Education Agency
304 Comptroller of Public Accounts, 701 Texas Education Agency
LBB Staff: b > td > JMc, MOc, LCO, CSmi
JMc, MOc, LCO, CSmi