LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session April 2, 2001 TO: Honorable Frank Madla, Chair, Senate Committee on Intergovernmental Relations FROM: John Keel, Director, Legislative Budget Board IN RE: SB1533 by Madla (Relating to allowing counties to assess an application fee for tax abatements.), As Introduced ************************************************************************** * No fiscal implication to the State is anticipated. * ************************************************************************** This bill would allow taxing units to impose fees up to $1,000 in connection with an application or request for tax abatement under Chapter 312 of the Tax Code. Local Government Impact According to the Comptroller's Property Tax Division, taxing units reported 276 tax abatement agreements executed in tax year 2001. If all the taxing units had imposed the maximum fee, there would have been a gain of $276,000 in additional revenues to those taxing units. Source Agencies: 304 Comptroller of Public Accounts LBB Staff: JK, DB, BR