LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              April 23, 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),
               Committee Report 1st House, Substituted
  
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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