LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                                May 1, 2001
  
  
          TO:  Honorable Rene Oliveira, Chair, House Committee on Ways &
               Means
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB1189  by Ellis, Rodney (Relating to an exemption from
               ad valorem taxation of property owned by nonprofit
               corporations that provide chilled water and steam to
               certain health-related institutions of this state.), As
               Engrossed
  
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*  No fiscal implication to the State is anticipated.                    *
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The bill would amend Section 11.23 of the Tax Code to exempt from
property taxation all real and personal property owned by a currently
exempt nonprofit corporation that provides chilled water and steam to
institutions as listed in Section 301.031 of the Health and Safety Code.
The bill would allow the continuation of the exemption for those
nonprofit corporations that change their federal qualifying status to
Section 501 (c) (3) of the Internal Revenue Code of 1986, as amended.
There would be no fiscal impact to the state or units of local
government because qualifying organizations under this bill are
currently exempt from ad valorem taxes.
  
Local Government Impact
  
No fiscal implication to units of local government is anticipated.
  
  
Source Agencies:   304   Comptroller of Public Accounts
LBB Staff:         JK, SD, DB, BR