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:	HB1006 by Isett (Relating to certain limitations on the ad valorem tax rates of certain taxing units.), As Engrossed

No fiscal implication to the State is anticipated.

Since the bill does not apply to school districts, no impact to the State is anticipated.

Local Government Impact

Since the bill may reduce the maintenance and operations rollback rate factor, it may provide an incentive for the applicable taxing units to set future tax rates at a lower amount than the taxing units might approve under current law.

Source Agencies:

304 Comptroller of Public Accounts

LBB Staff:

JOB, SD, WP, DLBe