| TO: | Honorable Teel Bivins, Chair, Senate Committee on Finance |
| FROM: | John Keel, Director, Legislative Budget Board |
| IN RE: | SB456 by Armbrister (Relating to an exemption from ad valorem taxation of certain commercial boats and equipment used for taking or producing fish, shrimp, shellfish, or other marine life.), As Introduced |
The bill would exempt from property taxation boats not exceeding 100 feet in length and other equipment used primarily in the commercial taking or production of fish, shrimp, shellfish, or other marine life as food for human consumption.
Because the bill would not become effective without a constitutional amendment, and because the corresponding constitutional amendment, SJR 23, would be self-enacting, the bill would have no fiscal impact on the state or units of local government. However, this bill provides for certain eligibility limitations that are allowed under the provision of SJR 23.
| Source Agencies: | 304 Comptroller Of Public Accounts
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| LBB Staff: | JK, SD, WP, DLBe
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