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:  HB1604 by Thompson (relating to certain procedures
               involving the ad valorem taxation of property owned or
               acquired by a religious organization), As Engrossed
  
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*  No significant fiscal implication to the State is anticipated.        *
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Local Government Impact
  
The Tax Code currently does not allow the waiver of penalties and
interest on delinquencies unless caused by an act of omission of a taxing
unit or appraisal district.  There would be some small amount of revenue
loss to those taxing units that chose to waive penalties and interest
under the provisions of this bill.

The bill also would allow cities to forego certain posting, notice, and
foreclosure procedures on the sale of property to certain religious
organizations.  This could save cities costs that would otherwise be
incurred on the sale of property under Chapter 34 of the Tax Code.
  
  
Source Agencies:   304   Comptroller of Public Accounts
LBB Staff:         JK, BB, BR