LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session March 15, 1999 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means 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 Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** Local Government Impact The Tax Code currently does not allow the waiver of penalties and interest on delinquencies unless caused by an act or 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: LBB Staff: JK, BB, BR