| TO: | Honorable Jim Keffer, Chair, House Committee on Ways & Means |
| FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
| IN RE: | HB3222 by Villarreal (Relating to the state administration of taxation.), As Introduced |
The bill would amend and repeal various sections in the Government Code, the Tax Code, and the Utilities Code, relating to the state administration of taxation.
The bill would require that the Comptroller of Public Accounts annual property value study findings reflect changes created by protests only for the applicable school district. The change would limit protest results to the protesting school districts.
The bill would provide that tax refunds for economic development under Chapter 111 would not be available to taxpayers whose property was subject to appraised value limitations for schools under Chapter 313 of the Tax Code.
The bill would provide for a biennial economic development refund report to the Legislature; current law requires the Comptroller to file an annual report of refunds paid under Chapter 111 of the Tax Code.
The bill would amend Section 39.903 and repeal Section 39.901 of the Utilities Code to remove language requiring the Comptroller to calculate and report to TEA the net loss in electric generating property value caused by electric utility restructuring. Utilities Code Section 39.901 was added in 1999 in conjunction with electric deregulation and its provisions are no longer necessary.
| Source Agencies: | 304 Comptroller of Public Accounts, 701 Central Education Agency
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| LBB Staff: | JOB, SD, WP, EB
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