LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session April 9, 2001 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John Keel, Director, Legislative Budget Board IN RE: HB3368 by Hamric (Relating to the qualification of a disabled person for an exemption from ad valorem taxation on the person's residence homestead.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill would amend sections in Chapters 11 and 26 of the Tax Code to make a homestead exemption for a disabled person effective as of January 1 of the tax year in which the person qualified and applied for the exemption. Under the provisions of the bill, disabled persons would be treated in the same manner as 65-and-over persons relative to immediate qualification for homestead exemptions and application of the exemption for the entire tax year. The Comptroller's Property Tax Division staff contacted the Travis County Appraisal District (CAD), which indicated that approximately 200 late applications are filed annually for the current over-65 homestead exemption. In Travis County, there are 94,800 over-65 homestead exemptions and 1,768 disabled homestead exemptions. Applying the Travis County experience to the state, the impact of this bill would not appear to result in significant value and revenue losses for school districts or local taxing units. 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