LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

April 26, 2005

TO:	Honorable Fred Hill, Chair, House Committee on Local Government Ways & Means
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	HB2254 by Rose (Relating to reducing the penalty for a failure by a disabled or elderly person to make a timely installment payment of ad valorem taxes imposed on the person's residence homestead.), As Introduced

No fiscal implication to the State is anticipated.

The bill would reduce the percentage penalty to six percent from 12 percent for failure by a disabled or elderly person to make a timely installment payment of property taxes on a residence homestead.

Currently, a person who is disabled or at least 65 years of age is allowed to make quarterly property tax installment payments on his or her homestead: 1) one-quarter before the delinquency date; 2) one-quarter before April; 3) one-quarter before June 1; and 4) one-quarter before August 1.

Since the bill would not change school districts taxable property values, no fiscal implication to the State is anticipated.

Local Government Impact

Passage of the bill could change the amount of penalty revenue for units of local government.  However, no significant impact to units of local government is anticipated.

Source Agencies:

304 Comptroller of Public Accounts

LBB Staff:

JOB, SD, WP, DLBe