LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              April 6, 2001
  
  
          TO:  Honorable Rene Oliveira, Chair, House Committee on Ways &
               Means
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB3019  by Chisum (Relating to the eligibility for ad
               valorem tax abatement of property that is the subject of
               a voluntary cleanup agreement.), As Introduced
  
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*  No fiscal implication to the State is anticipated.                    *
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The bill would amend Section 312.211 of the Tax Code, relating to the
eligibility for property tax abatement of property subject to a voluntary
cleanup agreement.  The bill would repeal the requirement that, to
qualify for a municipal property tax abatement through a voluntary
cleanup agreement, the value of real property must be adversely affected
by the release of a hazardous substance or contaminant according to the
two preceding appraisals.

The bill would not affect school district property values reported to the
Commissioner of Education by the Comptroller of Public Accounts,
therefore the impact would be limited to cities.
  
Local Government Impact
  
The bill could affect taxable values in cities choosing to enter into an
abatement agreement relating to property that would not currently
qualify for consideration.  Tax revenue losses to cities would depend on
the number of abatement agreements entered into and the taxable value of
property subject to the agreement.
  
  
Source Agencies:   304   Comptroller of Public Accounts
LBB Staff:         JK, SD, WP, BR