LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session March 12, 1999 TO: Honorable Florence Shapiro, Chair, Senate Committee on State Affairs FROM: John Keel, Director, Legislative Budget Board IN RE: SB496 by Harris (relating to increasing the maximum size of an urban homestead to 10 acres and prescribing permissible uses of rural and urban homesteads), Committee Report 1st House, as amended ************************************************************************** * No fiscal implication to the State is anticipated. * ************************************************************************** The Property Code provisions addressed in this bill relate to homesteads exempt from seizure for claims of creditors. However, homesteads can be seized and sold by the state and by taxing units for payment of delinquent state and property taxes. Therefore, this bill would have no fiscal impact on either state or local revenues. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JK, SD, BR