LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session May 15, 1997 TO: Honorable Eddie Lucio, Jr., Chair IN RE: Senate Bill No. 1866, Committee Report 1st House, Substituted Committee on Intergovernmental Relations By: Wentworth Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB1866 ( Relating to changes in the property tax calendar.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB1866-Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The fiscal impact on units of local governments would vary depending on which taxing entities adopted the alternative tax calendar and adopted the percentage homestead exemption under the provisions of the bill. Source: Agencies: LBB Staff: JK ,TL ,BR