LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session April 23, 1997 TO: Honorable Bill Ratliff, Chair IN RE: Senate Bill No. 1375 Committee on Finance By: Nixon,Drew Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB1375 ( Relating to the appraisal of certain leaseholds for tax purposes.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB1375-As Introduced No fiscal implication to the State is anticipated. The bill would amend Section 23.13 of the Tax Code to clarify that appraisal districts use the equity method when appraising taxable leaseholds. There could be a fiscal impact on local governments that were not using the equity method to appraise taxable leaseholds. Source: Agencies: 304 Comptroller of Public Accounts LBB Staff: JK ,RR ,BR