LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session March 26, 2001 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John Keel, Director, Legislative Budget Board IN RE: HB1100 by Lewis, Ron (Relating to the presumption that certain vessels and other watercraft are located in this state only temporarily for ad valorem tax purposes.), Committee Report 1st House, Substituted ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill would create presumptions for a particular class of personal property relative to its use in interstate, international, or foreign commerce, as well as such property's situs in Texas for property tax jurisdiction purposes. A presumption that certain personal property is in interstate or international commerce and not located in the state for more than a temporary period could result in an undetermined amount of property value being exempt from property taxation that would otherwise be taxable by local units of government under current law The fiscal impact of the bill on the state and units of local government is not anticipated to be significant due to the limited geographic application of the provisions of the bill, which appears to be limited to Orange County. 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