LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                            February 23, 2001
  
  
          TO:  Honorable Rene Oliveira, Chair, House Committee on Ways &
               Means
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB490  by Heflin (Relating to procedural and technical
               corrections of the Texas Property Tax Code, with respect
               to multiple appraisals of a property, notices of
               delinquency, penalties and interest on deferred taxes,
               additional penalty on delinquent taxes against property
               that escaped taxation in previous years, definitions of
               personal property subject to seizure, notices of sale of
               seized personal property and real property, excess
               proceeds of tax sales, costs and expenses incurred in
               delinquent tax suits, post judgment taxes, vacating void
               tax judgments and tax sales, costs of tax sale, remedies
               of purchaser at void tax sale, redemptions, and
               reenactment of duplicate or overlapping provisions in
               the Tax Code.), As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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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, SD, BR