LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session March 21, 1997 TO: Honorable Bill Ratliff, Chair IN RE: Senate Bill No. 861 Committee on Finance By: Armbrister Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB861 ( Relating to the administration of franchise taxes; imposing penalties.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB861-As Introduced 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