LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                                May 8, 2001
  
  
          TO:  Honorable Rodney Ellis, Chair, Senate Committee on Finance
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB2833  by Grusendorf (Relating to the application of the
               sales tax to services provided in connection with certain
               foreclosure sales.), As Engrossed
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill would amend Chapter 151 of the Tax Code to exclude from the
definition of "debt collection service" - as it relates to the state
sales and use tax - a service provided by a person acting as a trustee in
connection with the foreclosure sales of real property under a lien
created by a mortgage, deed of trust, or security instrument.  The
amounts affected by the bill are not expected to be significant.

The bill would take effect July 1, 2001, assuming that it received the
requisite two-thirds majority votes in both houses of the Legislature.
Otherwise, it would take effect October 1, 2001.
  
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, SM