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