LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session May 6, 1999 TO: Honorable Bill Ratliff, Chair, Senate Committee on Finance FROM: John Keel, Director, Legislative Budget Board IN RE: HB541 by Maxey (relating to an exemption from ad valorem taxation for property of an association of ambulatory health care centers.), As Engrossed ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** Local Government Impact There would be some revenue loss to local governments if organizations that would not otherwise qualify for existing property tax exemptions qualified under the proposed exemption. The amount of any loss to local governments would depend on the number of organizations qualifying and the value of their real and personal property owned and used exclusively as required by this bill. Source Agencies: 304 Comptroller Of Pub Accts LBB Staff: JK, BB, BR