LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session May 15, 1995 TO: Honorable David Sibley, Chair IN RE: House BillNo. 1065, Committee on Economic Development as engrossed Senate By: Brimer Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 1065 (relating to the practice of property tax consulting) this office has determined the following: The bill would amend current statutory provisions which relate to the registration of property tax consultants by exempting certain individuals from the requirement. It is estimated that approximately 500 individuals would not renew the biennial registration. The agency would raise individual fees from $150 to $250 to generate sufficient revenue to cover expenses associated with administering the statute. The probable fiscal implication of implementing the provisions of the bill during each of the first five years following passage is estimated as follows: Fiscal Probable Revenue Year Gain/(Loss) from General Revenue Fund 001 1996 ($25,000) 1997 30,000 1998 (25,000) 1999 30,000 2000 (25,000) Similar annual fiscal implications would continue as long as the provisions of the bill are in effect. No fiscal implication to units of local government is anticipated. Source: Department of Licensing and Regulation LBB Staff: JK, LR, DF