LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 1, 2025 TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3370 by Ashby (Relating to late applications for the appraisal of land for ad valorem tax purposes as qualified timber land following the death of the owner of the land.), As Introduced No fiscal implication to the State is anticipated. The bill would require the chief appraiser to accept and approve or deny an application for appraisal as timberland after the deadline if the land was appraised as timberland in the preceding year, the ownership of the land changed as a result of death of an owner of the land in the preceding year, the application is filed not later than the delinquency date for taxes on the land, and the application was filed by the surviving spouse or a surviving child, the executor or administrator of the estate, or a fiduciary acting on behalf of the surviving spouse. 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, KK, SD, BRI
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 1, 2025
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3370 by Ashby (Relating to late applications for the appraisal of land for ad valorem tax purposes as qualified timber land following the death of the owner of the land.), As Introduced
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3370 by Ashby (Relating to late applications for the appraisal of land for ad valorem tax purposes as qualified timber land following the death of the owner of the land.), 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
HB3370 by Ashby (Relating to late applications for the appraisal of land for ad valorem tax purposes as qualified timber land following the death of the owner of the land.), As Introduced
HB3370 by Ashby (Relating to late applications for the appraisal of land for ad valorem tax purposes as qualified timber land following the death of the owner of the land.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would require the chief appraiser to accept and approve or deny an application for appraisal as timberland after the deadline if the land was appraised as timberland in the preceding year, the ownership of the land changed as a result of death of an owner of the land in the preceding year, the application is filed not later than the delinquency date for taxes on the land, and the application was filed by the surviving spouse or a surviving child, the executor or administrator of the estate, or a fiduciary acting on behalf of the surviving spouse.
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, KK, SD, BRI
JMc, KK, SD, BRI