LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                           May 8, 1995



 TO:     Honorable Senator John T. Montford,    IN RE:  House BillNo. 1537,
         Chair                                                as engrossed
         Committee on Finance                           By: Craddick
         Senate
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
1537 (Relating to the calculation of the effective tax rate for
taxing units.) this office has determined the following:




No fiscal implication to the State is anticipated.

The fiscal implication to  units of local government cannot be
determined.


Source:   Comptroller of Public Accounts
          LBB Staff: JK, BR, DF