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