LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session March 22, 1995 TO: Honorable Ron Wilson, Chair IN RE: House Bill No. 2600 Committee on Licensing & By: Kubiak Administrative Procedures House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 2600 (Relating to the fees required of certain persons who practice public accountancy.) this office has determined the following: The bill would exempt accountants employed by the federal government and engaging in the practice of public accountancy only in the scope of their federal employment from the $200 annual professional fee. 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 Probable Revenue Year Loss from General Loss from Revenue Fund 001 Foundation School Fund 193 1996 $92,700 $30,900 1997 92,700 30,900 1998 92,700 30,900 1999 92,700 30,900 2000 92,700 30,900 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: Board of Public Accountancy LBB Staff: JK, LR, DF