LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION

April 6, 2011

TO:	Honorable John Davis, Chair, House Committee on Economic & Small Business Development
FROM:	John S O'Brien, Director, Legislative Budget Board
IN RE:	HB2493 by Torres (Relating to enterprise project half designations under the enterprise zone program.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend Chapter 2303 of the Texas Government Code, regarding Enterprise Zone projects.  The bill would allow the designation of an enterprise project to be split into two half designations and to set a maximum tax refund to each half of $125,000 per fiscal year. 

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

300 Trusteed Programs Within the Office of the Governor, 301 Office of the Governor, 304 Comptroller of Public Accounts

LBB Staff:

JOB, AG, SD, KK