LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session May 28, 1997 TO: Honorable Bob Bullock IN RE: Senate Bill No. 861, As Passed 2nd House Lieutenant Governor Armbrister Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB861 ( relating to administration of franchise taxes; imposing penalties) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB861-As Passed 2nd House No significant fiscal implication to the State is anticipated. No fiscal implication to units of local government is anticipated. Source: Agencies: 304 Comptroller of Public Accounts LBB Staff: JK ,RR ,CT