LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session March 5, 1995 TO: Honorable Tom Craddick, Chair IN RE: House Bill No. 1434 Committee on Ways & Means By: Hochberg House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 1434 (Relating to the claiming of the exemption from ad valorem taxation provided for certain property of a medical center development.) this office has determined the following: The bill would provide that, once allowed, the exemption from ad valorem taxation for medical center development would not need to be claimed in subsequent years. Current law requires an annual application for exemption. No fiscal implication to the State is anticipated. No significant fiscal implication to units of local government is anticipated. Source: Comptroller of Public Accounts LBB Staff: JK, BR, DF