LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

March 17, 2009

TO:	Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	HB866 by Villarreal (Relating to a study regarding ad valorem tax relief through the use of a circuit breaker program.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would require the Comptroller to conduct and publish a study on circuit breaker programs, which would limit the amount of ad valorem taxes that could be imposed on a residence homestead based on the owner's annual income. The Comptroller would be directed to establish an advisory committee to assist in conducting the study, and could request assistance from other state agencies, appraisal districts, taxing units or other organizations. The Comptroller would report the results of the study to the Governor, Lieutenant Governor, and Speaker of the House of Representatives no later than December 1, 2010.

The bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2009.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

304 Comptroller of Public Accounts

LBB Staff:

JOB, MN, SD, SJS