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: HB677 by Lewis, Glenn (Relating to the waiver of penalties and interest on a delinquent ad valorem tax on certain property acquired by a religious organization.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** Under current law, a request for waiver of penalty and interest must be made before the 181st day after the delinquency date. Under the provisions of the bill, a number of qualified religious organizations could request and receive a waiver of penalties and interest following the current limitation period. There would be some revenue loss in taxing units where the governing bodies voted to waive penalties and interest under the proposed bill. The loss would depend on the number of taxing units granting waivers beyond the current limitation period. The total impact on taxing units is not expected to be significant, given the current level of property tax levies. 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