LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session March 4, 1997 TO: Honorable Tom Craddick, Chair IN RE: House Bill No. 1424 Committee on Ways & Means By: Eiland House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB1424 ( Relating to the imposition of a municipal sales and use tax and hotel occupancy tax in areas to be annexed by certain municipalities.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB1424-As Introduced No fiscal implication to the State is anticipated. The fiscal impact on local governments would vary depending on the potential area coverage for the district, the outcome of the decision on whether to impose a sales or hotel occupancy tax, and the rate at which any such taxes would be imposed. Source: Agencies: 304 Comptroller of Public Accounts LBB Staff: JK ,RR ,SM