LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  March 23, 1997
         
         
      TO: Honorable Bill Ratliff, Chair            IN RE:  Senate Bill No. 862
          Committee on Finance                              By: Armbrister
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on SB862 ( Relating 
to the administration, collection, and enforcement by the comptroller 
of various taxes and fees.) this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by SB862-As Introduced
         
No significant fiscal implication to the State is anticipated.
         

         
 
The bill would clarify several tax provisions as administered 
by the Comptroller of Public Accounts.  One of the bill's provisions 
relates to the statutue of limitations as applied to inheritance 
tax revenue.  The bill would extend the statute of limitations 
in certain situations, thereby providing a gain in state revenue. 
For example, the statute of limitations would not begin until 
after the Comptroller received notice of the estate's final 
assessment of taxable value by the federal government. However, 
the amount of additional inheritance tax revenue would vary 
depending on the situation.
          
No significant fiscal implication to units of local government 
is anticipated.
          
   Source:            Agencies:   304   Comptroller of Public Accounts
                                         
                      LBB Staff:   JK ,RR ,RN