LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

March 31, 2005

TO:	Honorable Will Hartnett, Chair, House Committee on Judiciary
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	HB3240 by Paxton (Relating to the exemption from ad valorem taxation of a residence homestead held in a court-ordered trust. ), Committee Report 1st House, Substituted

No fiscal implication to the State is anticipated.

This bill would expand the definition of a qualifying trust to include the beneficiary of a court-created trust.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

LBB Staff:

JOB, LB, WP, SJS