LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session March 28, 1999 TO: Honorable Paul Sadler, Chair, House Committee on Public Education FROM: John Keel, Director, Legislative Budget Board IN RE: HB2964 by Staples (Relating to limitations on the transfer of a school district ad valorem tax freeze on the residence homestead of an elderly person), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill could have a limited effect of increasing revenues in some school districts. Most jurisdictions allow persons 65 and over to transfer a zero tax limitation to a subsequently qualified homestead, if they have first qualified a homestead with no taxable value. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JK, CT, BR