LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              April 21, 1999
  
  
          TO:  Honorable Bill Ratliff, Chair, Senate Committee on Finance
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SJR36 by Cain (proposing a constitutional amendment to
               authorize an exemption or other relief from ad valorem
               taxation for commercial tangible personal property if
               the property is voluntarily rendered for taxation), As
               Introduced
  
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*  No fiscal implication to the State is anticipated, other than the     *
*  cost of publication. The cost to the state for publication of the     *
*  resolution is $76,352.                                                *
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Local Government Impact
  
No fiscal implication to units of local government is anticipated.
  
  
Source Agencies:   
LBB Staff:         JK, BB, BR