Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB683 by Hancock (relating to certain ad valorem tax exemptions, payments, and refunds.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would amend Chapter 1 of the Tax Code, regarding general property tax provisions, to add property tax refunds to the list of communications about an owner's property that the property owner can, in writing, direct the appraisal district, appraisal review board, and each taxing unit to deliver to a specified person instead of to the property owner.
The bill would amend Chapter 11 of the Tax Code, regarding taxable property and exemptions, and Chapter 26 of the Tax Code, regarding property tax assessment, to specify that a person is not required to apply for a property tax refund to receive the refund.
The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state.
This bill would take effect September 1, 2015.
Local Government Impact
No fiscal implication to units of local government is anticipated.