LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

May 2, 2009

TO:	Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	HB3000 by Homer (Relating to the eligibility of a heavy equipment dealer to receive a refund or credit for the overpayment of ad valorem taxes.), As Introduced

No fiscal implication to the State is anticipated.

The bill would allow a heavy equipment dealer, if the amount in an escrow account exceeds the amount of the taxes due, to receive a refund of the excess amount, or a credit in the amount of the excess amount, to be credited to the owner's escrow account for prepayment of taxes imposed in the following tax year.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

LBB Staff:

JOB, MN, SD, SJS