LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              April 16, 2001
  
  
          TO:  Honorable Paul Sadler, Chair, House Committee on Public
               Education
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB3339  by Flores (Relating to the authority of a school
               district to exempt from ad valorem taxation the property
               of an elderly disabled veteran.), As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill would amend Chapter 11 of the Tax Code by adding Section 11.221
to allow a school district to exempt from property tax the property of an
elderly disabled veteran.

The bill would provide that if a school district adopted a property tax
exemption for 65-and-over disabled veterans under a proposed
constitutional amendment, the veteran would be entitled to an exemption
of the type and amount determined by the school district's governing
body.

The bill would take effect January 1, 2002, contingent on passage of a
constitutional amendment, such as House Joint Resolution 102, authorizing
the school districts to exempt from property taxation property owned by
65-and over disabled veterans. 

There would be no cost to the General Revenue Fund 0001, because under
current law the value of this type of optional property tax exemptions
are included in the Comptroller's determinations of school districts'
total taxable values certified to the Commissioner of Education for
school funding purposes.
  
Local Government Impact
  
School districts adopting the proposed exemption would experience a
revenue loss, the amount of which would depend on the type, amount of
the adopted exemption, and the number of qualified disabled veterans in
the district.
  
  
Source Agencies:   304   Comptroller of Public Accounts, 701   Texas
                   Education Agency
LBB Staff:         JK, CT, BR