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: HB2782 by Villarreal, Mike (Relating to allowing counties to assess an application fee for tax abatements.), As Introduced ************************************************************************** * No fiscal implication to the State is anticipated. * ************************************************************************** The bill would amend Section 312.002 of the Tax Code to allow the governing body of a taxing unit, in its tax abatement guidelines, to impose a reasonable fee, not to exceed $1,000, in connection with a property owner's application or request for a tax abatement. The bill could result in additional revenue to taxing units choosing to impose the discretionary fee. The amount of such revenues would depend on the number of units imposing such a fee, the number of applicants, and the amounts of the fees charged. According to the Comptroller's Property Tax Division, taxing units reported 276 tax abatement agreements executed in tax year 2001. If all taxing units elected to charge the $1,000 fee, local revenue would increase by $276,000. 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