LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                               May 12, 1999
  
  
          TO:  Honorable Paul Sadler, Chair, House Committee on Public
               Education
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB1210  by Cain (Relating to the limitation of school
               district ad valorem taxes on the residence homestead of
               an elderly person), As Engrossed
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill would amend Section 11.26 of the Tax Code to provide that:  (1)
a person must own and occupy a residence homestead for at least 12
consecutive months to receive the portability benefits for the school
tax limitation provided in Subsection (g) for a subsequently acquired
homestead; and (2) the school tax limitation would not apply to a
residence homestead under construction on January 1 of the first year in
which a person qualified for the 65-and-over homestead exemption, but it
would apply to the following year when construction was completed.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   304   Comptroller of Public Accounts
LBB Staff:         JK, CT, BB, BR