LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 9, 1997
         
         
      TO: Honorable Bill Ratliff, Chair            IN RE:  Senate Bill No. 1778, Committee Report 1st House, Substituted
          Committee on Finance                              By: Shapleigh
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on SB1778 ( relating 
to reports on and analyses of tax impacts) this office has detemined 
the following:
         
         Biennial Net Impact to General Revenue Funds by SB1778-Committee Report 1st House, Substituted
         
No fiscal implication to the State is anticipated.
         

         
 
FISCAL ANALYSIS AND METHODOLOGY
The bill would amend Chapter 
403 of the Government Code.  The Comptroller's Office would 
be required to prepare a report for the Legislature and the 
Governor prior to each regular legislative session on the overall 
incidence of the school district property tax and any state 
tax generating more than 2.5 percent of state tax revenue in 
the prior fiscal year.  In addition, the Legislative Budget 
Board, with the assistance as requested of the Comptroller's 
Office, would be required to prepare, upon request from a Senate 
or House of Representatives committee chair, an incidence impact 
analysis for bills or resolutions that would increase, decrease, 
or redistribute taxes by more than $20 million.  It is assumed 
that the Legislative Budget Board will be able utilize its current 
models to perform the incidence impact analysis provisions of 
the bill.
          
LOCAL
No fiscal implication to units of local government is 
anticipated.
          
   Source:            Agencies:   304   Comptroller of Public Accounts
                                         
                      LBB Staff:   JK ,RR ,BR