LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session May 5, 1995 TO: Honorable Senator John T. Montford, Chair IN RE: House Bill No. 2624, as amended Committee on Finance By: Montford Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 2624 (Relating to the appraisal and ad valorem taxation of certain types of personal property; providing penalties) this office has determined the following: No fiscal implication to the State is anticipated except for the impact of changes in school district property values. Changes in school district property wealth could have an impact on state funding for public education, which cannot be determined. The Comptroller's office does not maintain data on the quantity or value of property that would qualify as "motor vehicle inventory". The potential loss or gain to local taxing units cannot be determined. Source: LBB Staff: JK, BR, DF