LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session March 29, 2001 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John Keel, Director, Legislative Budget Board IN RE: HB1392 by Keffer (Relating to applications for ad valorem tax exemptions for certain community housing development organizations.), Committee Report 1st House, as amended ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill would amend Section 11.43, repeal Section 11.182(c), and add Section 11.182(f) of the Tax Code to change the exemption application for Community Housing Development Organizations from an annual application to a one-time application. The number of eligible organizations not currently utilizing an exemption because of not re-applying is not known. Likewise, the number of organizations that might lose their eligibility but keep the exemption, because of the proposed one-time application process, cannot be predicted. However, under section 11.43 (c) of the Tax Code, the chief appraiser may require a person allowed the exemption in a prior year to file a new application to confirm their current qualification for the exemption. Therefore, due to this provision, no significant fiscal implication to the State or units of local government is anticipated. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: 304 Comptroller of Public Accounts, 332 Texas Department of Housing and Community Affairs LBB Staff: JK, SD, BR