LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                            February 28, 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.), As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill would amend Section 11.43 and repeal Section 11.182(c) 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