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 ************************************************************************** * 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, SD, BR