LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session April 30, 2001 TO: Honorable Paul Sadler, Chair, House Committee on Public Education FROM: John Keel, Director, Legislative Budget Board IN RE: HB3367 by Hamric (Relating to limiting the amount of school district ad valorem taxes that may be imposed on the residence homestead of a disabled person.), As Introduced ************************************************************************** * No fiscal implication to the State is anticipated. * ************************************************************************** The bill amends Section 11.26 of the Tax Code to extend the current school property tax limitation ("tax freeze") for residence homesteads to disabled persons. The bill takes effect January 1, 2002, contingent on passage of the constitutional amendment on November 6, 2001. Passage of this bill alone would not result in any revenue loss to the state or school districts. However, passage of this bill and a self-enacting constitutional amendment, such as HJR 103, at the November 6, 2001 general election would result in losses to the state and school districts. The bill, in and of itself, would have no fiscal impact on the state or units of local government. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 304 Comptroller of Public Accounts LBB Staff: JK, CT, BR