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: HB958 by Hope (relating to the additional tax imposed if the use of land appraised for ad valorem tax purposes as timberland changes), As Engrossed ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** Local Government Impact The bill would result in a loss of revenue to some taxing units that would otherwise collect "rollback" taxes on land subject to Section 23.76 (Timber Land Change of Use) of the Tax Code. Source Agencies: 304 Comptroller of Public Accounts LBB Staff: JK, BB, BR