LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
April 21, 1995
TO: Honorable Tom Craddick, Chair IN RE: Committee Substitute
Committee on Ways & Means for House
House of Representatives Bill No. 2941
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on House Bill No.
2941 (Relating to the appraisal of property for tax purposes.)
this office has determined the following:
The bill is an omnibus property tax bill which would amend
various sections of the Tax Code and general statures. The major
changes are as follows:
Require certain notices to taxpayers (exemptions denials and
special valuation denials) be delivered by certified mail;
Require the Comptroller to establish minimum standards for
training all members of an appraisal review board. All members
would be
required to attend and receive certification of participation in
a training program approved by the Comptroller;
Allows for a late application for the freeport exemption, with
provisions for a late penalty; and
Various other administrative procedures.
No significant 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