LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 9, 1997
         
         
      TO: Honorable Tom Craddick, Chair            IN RE:  House Bill No. 1773
          Committee on Ways & Means                              By: Danburg
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB1773 ( Relating 
to the residence homestead exemption from ad valorem taxation.) 
this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by HB1773-As Introduced
         
No significant fiscal implication to the State is anticipated.
         

         
 
FISCAL ANALYSIS
The bill would amend Chapter 11 of the Tax 
Code to not allow a person to receive a homestead exemption 
for more than one home in the same year.  The bill would change 
the calculation of an exemption for a person who had partial 
ownership in a property by granting only a portion of the exemption 
rather than the total amount.  

The bill would take effect 
January 1, 1998.
          
LOCAL
The bill could result in a revenue gain to local taxing 
units.  The amount of gain would depend on the number of homeowners 
currently receiving exemptions on more than one home or with 
only partial ownership in their homes.  The amount of increase 
in local revenue is not expected to be significant.
          
   Source:            Agencies:   304   Comptroller of Public Accounts
                                         
                      LBB Staff:   JK ,RR ,BR