LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session April 12, 1999 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John Keel, Director, Legislative Budget Board IN RE: HB3549 by Heflin (relating to procedural and technical corrections of the Texas Property Tax Code and the Texas Finance Code, and relating to notices of sale, orders of sale, proceeds of sale, excess proceeds of sale, redemptions in delinquent tax suits, collection of taxes on sale of business, additional penalty on taxes with delayed delinquency dates and on delinquent standby fees, notices of delinquency, subrogation of purchasers at void or defective tax resales, taxes to be included in judgments, jurisdictional provisions for tax claims against certain estates in probate, service of process on corporations following forfeiture of corporate privileges, and repeals of overlapping and duplicate provisions in the Tax Code), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill would amend numerous sections of the Tax Code, Probate Code, Texas Business Corporation Act, and Water Code to allow taxing units and their agents to collect current and delinquent property taxes more effectively and expediently. Local Government Impact The provisions in the bill concerning tax bills and ad valorem tax collections would provide administrative cost benefits to local governments and their collecting agents. The fiscal impact, however, is not expected to be significant. Source Agencies: 304 Comptroller of Public Accounts LBB Staff: JK, BB, BR