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