LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          March 14, 1995



 TO:     Honorable Tom Craddick, Chair          IN RE:  House Bill No. 1537
         Committee on Ways & Means                      By: Craddick
         House of Representatives
         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:

The bill would amend Sections 26.012(11),(12) and (14), Tax Code
to change the method in which effective and rollback tax rates
are calculated.  The subject section are amended so that "last
year's debt levy," "last year's levy" and "last year's total
value" would not include corrections made pursuant to Section
25.25, Tax Code, but would add the amount of taxes refunded
during the preceding year.


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