LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 26, 1995 TO: Honorable Senator John T. Montford, IN RE: Senate BillNo. 1659 Chair By: Armbrister Committee on Finance Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on Senate Bill No. 1659 (Relating to the fees required of certain persons who practice public accountancy.) this office has determined the following: This bill would exempt public accountants who are employees of federal or state government, and who only engage in the practice of public accountancy in the scope of the accountant's employment by the federal or state government, from the state's annual $200 professional fee. The probable fiscal implication of implementing the provisions of the bill during each of the first five years following passage is estimated as follows: Fiscal Probable Revenue Year Loss from the General Revenue Fund 001 1996 $284,000 1997 284,000 1998 284,000 1999 284,000 2000 284,000 Similar annual fiscal implications would continue as long as the provisions of the bill are in effect. No fiscal implication to units of local government is anticipated. Source: Comptroller of Public Accounts, Board of Public Accountancy LBB Staff: JK, DF