LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session April 11, 2001 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John Keel, Director, Legislative Budget Board IN RE: HB3366 by Hamric (Relating to the deferred collection of delinquent ad valorem taxes imposed on the residence homestead of an elderly or disabled person.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill would amend Section 33.06 of the Tax Code to allow medically-disabled persons to defer or abate a lawsuit to collect delinquent property taxes on their residence homestead. "Disabled" would be defined as a disability for purposes of payment of disability insurance benefits under Federal Old-Age, Survivors, and Disability Insurance. Current law allows persons aged 65 or older to defer payment of delinquent property taxes on their homestead until they no longer own and occupy the property as a residence homestead. In 1999, persons qualifying to defer payment, deferred payments on approximately $62.5 million of property value. In 1999, there were 1,015,000 over 65 homesteads, compared to 94,912 qualified disabled homesteads. Based on the experience of the over 65 deferrals and the number of qualified disabled homesteads, it is not anticipated that the provisions of this bill would result in a significant fiscal impact on the state or units of local government. 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, BR