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: HB3579 by Hilderbran (Relating to the imposition by a taxing unit of ad valorem taxes on personal property not producing income that is otherwise exempt from taxation.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill would amend Section 11.14 of the Tax Code to require taxing units that elect to tax non-income producing personal property to publish notices and hold public hearings each year before adopting the tax. Local Government Impact The Comptroller's publication, Appraisal District Operations Report, 1999 and 2000 Data indicates that for tax year 2000, 95 taxing units in 25 counties tax otherwise exempt non-income producing personal property. Passage of this bill would require each taxing unit's governing body to annually ratify the taxation of these non-income producing personal properties. Any impact on units of local government would depend on actions by each of the 95 taxing units currently taxing non-income-producing personal property. Source Agencies: 304 Comptroller of Public Accounts LBB Staff: JK, SD, BR