LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session April 14, 1999 TO: Honorable Bill Ratliff, Chair, Senate Committee on Finance FROM: John Keel, Director, Legislative Budget Board IN RE: SB1435 by Duncan (relating to the appraisal and ad valorem taxation of heavy equipment), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill would include a specific type of personal property transaction in the definition of heavy equipment inventory, would redefine the sales price of heavy equipment, and would require a lower appraised value for some heavy equipment dealers than what is provided for in current law. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JK, BB, BR