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
  
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*  No significant fiscal implication to the State is anticipated.        *
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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