LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              April 26, 1999
  
  
          TO:  Honorable Bill Ratliff, Chair, Senate Committee on Finance
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB873 by Hochberg (relating to an exemption from ad
               valorem taxation for property of certain nonprofit
               organizations while improvements are under
               construction), 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 nonprofit
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 real and tangible personal property owned
and used exclusively as required by the bill
  
  
Source Agencies:   304   Comptroller Of Pub Accts
LBB Staff:         JK, BB, BR