LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                            February 26, 1999
  
  
          TO:  Honorable Bill Carter, Chair, House Committee on Urban
               Affairs
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB 313  by Giddings (Relating to the creation and powers
               of a neighborhood empowerment zone.), As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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Local Government Impact
  
The bill could result in decreased revenues to municipalities which would
choose to establish neighborhood empowerment zones, if municipal sales
tax rebates or abatements would be offered on properties currently
generating tax revenues. Since waivers, refunds, or abatements could not
be granted for longer than a ten year period, a municipality would be
expected to recover lost revenues within the 10-year period.
  
  
Source Agencies:   
LBB Staff:         JK, TL