LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 10, 2023 TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1998 by Bettencourt (Relating to the calculation of certain ad valorem tax rates.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Chapter 5 and Chapter 26 of the Tax Code to require the tax rate calculation forms prescribed by the Comptroller be capable of including a hyperlink to a document that supports the accuracy of the entry and require the designated officer or employee making the calculations to include a hyperlink to the appropriate documentation supporting the calculations.The bill would amend Chapter 26 of the Tax Code to require that a taxing unit calculate taxable property value and the amount of taxes imposed or calculated separately for each reinvestment zone they participate in. The bill further requires that the tax rate calculation forms prescribed by the Comptroller allow for this requirement. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, AF, SD, BRI
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 10, 2023
TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1998 by Bettencourt (Relating to the calculation of certain ad valorem tax rates.), As Introduced
TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1998 by Bettencourt (Relating to the calculation of certain ad valorem tax rates.), As Introduced
Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB1998 by Bettencourt (Relating to the calculation of certain ad valorem tax rates.), As Introduced
SB1998 by Bettencourt (Relating to the calculation of certain ad valorem tax rates.), 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 5 and Chapter 26 of the Tax Code to require the tax rate calculation forms prescribed by the Comptroller be capable of including a hyperlink to a document that supports the accuracy of the entry and require the designated officer or employee making the calculations to include a hyperlink to the appropriate documentation supporting the calculations.The bill would amend Chapter 26 of the Tax Code to require that a taxing unit calculate taxable property value and the amount of taxes imposed or calculated separately for each reinvestment zone they participate in. The bill further requires that the tax rate calculation forms prescribed by the Comptroller allow for this requirement.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, AF, SD, BRI
JMc, AF, SD, BRI