LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                             February 5, 2001
  
  
          TO:  Honorable Rene Oliveira, Chair, House Committee on Ways &
               Means
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB573  by Green (Relating to the ad valorem taxation of
               certain property owned by a municipality.), As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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If the bill is passed and the constitutional amendment adopted, there
could some increase in property tax values and revenues for local
governments that elected to tax otherwise exempt public property used for
a public purpose.  The bill would only authorize the taxation of real
property owned by a municipality if the property is located in a county
in which less than 20 percent of the territory of the municipality is
located.  Due to this restriction, the impact would not be significant.
  
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, WP, BR