LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                               May 10, 2001
  
  
          TO:  Honorable Teel Bivins, Chair, Senate Committee on
               Education
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB2240  by Brown, Betty (Relating to limiting the
               transfer of the school district ad valorem tax freeze on
               the residence homesteads of the elderly to different
               homesteads in the same school district.), As Engrossed
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill amends Section 11.26 of the Tax Code to confine transfers of the
school district property tax ceiling for 65-and-over  homeowners (also
known as a "tax freeze") to resident homestead transfers within the same
school district.  The bill would not affect the transfer of tax ceilings
made before the 2002 tax year.

Because of the relatively low number of transferred tax freezes that
would likely be transferred outside the district where the tax freeze was
originally imposed, the bill should have minimal impact on state aid or
local tax revenue.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   304   Comptroller of Public Accounts, 701   Texas
                   Education Agency
LBB Staff:         JK, CT, BR