LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

May 17, 2005

TO:	Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	HB809 by Hilderbran (Relating to excepting certain motor vehicles owned by an individual and used for the production of income from required rendition for ad valorem tax purposes.), As Engrossed

No significant fiscal implication to the State is anticipated.

The bill would allow a waiver of personal property rendition requirements to certain property owners. An individual who owned and operated one or more passenger car or light truck in the course of his or her occupation or profession and also operated those vehicles for personal activities would not have to render the vehicles for taxation. 

Passage of the bill could result in appraisal districts receiving less information concerning business personal property owned by small business owners. Although the bill would not exempt any currently taxable business property from property taxation, the sanctioned failure of some small business owners to file a rendition statement with the appraisal district could reduce taxable property values.  However, the reduction in property values is not anticipated to be significant.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

304 Comptroller of Public Accounts

LBB Staff:

JOB, SD, WP, DLBe