LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 26, 2023 TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2355 by Bettencourt (Relating to the appeal of certain ad valorem tax determinations through binding arbitration.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Chapter 41A of the Tax Code, relating to Appeal Through Binding Arbitration, to require that an appeal for arbitration must be filed with the comptroller and that the property owner and the appraisal district provide the comptroller the information needed to process the request to appoint an arbitrator. The bill would provide that if the request for binding arbitration is filed through an electronic system, the property owner must pay the arbitration deposit through the electronic system. Otherwise, the property owner must pay the arbitration deposit by check or money order made payable to the comptroller or by another form of payment acceptable to the comptroller.The bill would provide that a property owner may designate an agent to represent the owner in an arbitration proceeding on a signed form prescribed by the comptroller, and that the property owner may assign the right to receive a refund of an arbitration deposit to an agent or entity on a comptroller prescribed form.The bill would provide that an arbitration award or settlement reached between the parties to an arbitration is a final determination of an appeal. 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
March 26, 2023
TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2355 by Bettencourt (Relating to the appeal of certain ad valorem tax determinations through binding arbitration.), As Introduced
TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB2355 by Bettencourt (Relating to the appeal of certain ad valorem tax determinations through binding arbitration.), 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
SB2355 by Bettencourt (Relating to the appeal of certain ad valorem tax determinations through binding arbitration.), As Introduced
SB2355 by Bettencourt (Relating to the appeal of certain ad valorem tax determinations through binding arbitration.), 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 41A of the Tax Code, relating to Appeal Through Binding Arbitration, to require that an appeal for arbitration must be filed with the comptroller and that the property owner and the appraisal district provide the comptroller the information needed to process the request to appoint an arbitrator. The bill would provide that if the request for binding arbitration is filed through an electronic system, the property owner must pay the arbitration deposit through the electronic system. Otherwise, the property owner must pay the arbitration deposit by check or money order made payable to the comptroller or by another form of payment acceptable to the comptroller.The bill would provide that a property owner may designate an agent to represent the owner in an arbitration proceeding on a signed form prescribed by the comptroller, and that the property owner may assign the right to receive a refund of an arbitration deposit to an agent or entity on a comptroller prescribed form.The bill would provide that an arbitration award or settlement reached between the parties to an arbitration is a final determination of an appeal.
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