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
  
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*  No significant fiscal implication to the State is anticipated.        *
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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