LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session March 25, 1997 TO: Honorable Tom Craddick, Chair IN RE: House Bill No. 2116, Committee Report 1st House, as amended Committee on Ways & Means By: Craddick House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB2116 ( relating to the ad valorem taxation of certain inventories) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB2116-Committee Report 1st House, as amended No fiscal implication to the State is anticipated. The bill would remove a class of personal property from the definition of motor vehicle. This type of inventory (equipment or machinery designed and intended to be used for a specific work-related purpose other than the transporting of a person or property) would be appraised and taxed under Sec. 23.12(a) of the Tax Code as inventory other than motor vehicle and vessel and outboard motor inventory. No significant fiscal implication to units of local government is anticipated. Source: Agencies: LBB Staff: JK ,RR ,BR