LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session April 29, 1997 TO: Honorable Tom Craddick, Chair IN RE: House Bill No. 1749 Committee on Ways & Means By: Kuempel House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB1749 ( Relating to the right of certain lessees of real property to protest before an appraisal review board a determination of the appraised value of the property for ad valorem tax purposes.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB1749-As Introduced No significant fiscal implication to the State is anticipated. FISCAL ANALYSIS The bill would amend Section 41.413 of the Tax Code to limit the right of real property lessees who are contractually obligated to reimburse the property owner for property taxes to protest the appraised value of the leased property. Lessees would be allowed to file a protest if not prohibited by the lease agreement. The bill would limit a lessee's right to protest to situations when real property is leased to one lessee. Lessees in multi-tenant properties would not be allowed to file a protest. Current law allows a person that leases property and who is contractually obligated to reimburse the owner for property taxes to protest the leased property's value before the Appraisal Review Board (ARB) if the property owner did not file a protest. A lessee bringing a protest would be considered the owner of the property for purposes of a protest and would receive any notices relating to the protest. The lessee would be allowed to appeal an ARB determination to state district court with the same rights as the owner. The bill would take effect September 1, 1997 and would apply only to a protest filed on or after the effective date. No significant fiscal implication to units of local government is anticipated. Source: Agencies: 304 Comptroller of Public Accounts LBB Staff: JK ,RR ,BR