LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session April 27, 2001 TO: Honorable Frank Madla, Chair, Senate Committee on Intergovernmental Relations FROM: John Keel, Director, Legislative Budget Board IN RE: HB490 by Heflin (Relating to the administration and collection of ad valorem taxes.), As Engrossed ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill would amend numerous sections in the Tax Code to allow taxing units and their agents to collect current and delinquent property taxes more effectively and expeditiously. The provisions in the bill concerning ad valorem tax collections would provide administrative cost benefits to local governments and their collecting agents. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: 304 Comptroller of Public Accounts LBB Staff: JK, DB, SD, BR