LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                        February 27, 1995



 TO:     Honorable Tom Craddick, Chair          IN RE:  House Joint
         Committee on Ways & Means              Resolution
         House of Representatives                              No. 31
         Austin, Texas                                  By: Hartnett








FROM: John Keel, Director

In response to your request for a Fiscal Note on House Joint
Resolution No. 31 (Proposing a constitutional amendment
authorizing the exemption from ad valorem taxation of income-
producing personal property having a value insufficient to
recover the tax administrative costs.) this office has determined
the following:

The resolution proposes a constitutional amendment which, if
adopted, would exempt from ad valorem taxation income producing
tangible personal property with a value of less than $500.

The fiscal implications of the resolution's provisions on the
State and units of local government would depend on enabling
legislation, such as House Bill 366 or similar legislation.

The cost to the State for publication of the resolution is
$90,000.









Source:   Comptroller of Public Accounts
          LBB Staff: JK, BR, DF