TO: | Honorable Tracy O. King, Chair, House Committee on Agriculture & Livestock |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB249 by Phillips (Relating to the additional tax imposed on land appraised for ad valorem tax purposes as qualified open-space land if a change in use of the land occurs.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2018 | ($24,000) |
2019 | ($3,884,000) |
2020 | ($46,441,000) |
2021 | ($48,348,000) |
2022 | ($50,350,000) |
Fiscal Year | Probable Savings/(Cost) from Foundation School Fund 193 |
Probable Revenue Gain/(Loss) from School Districts |
Probable Revenue Gain/(Loss) from Counties |
Probable Revenue Gain/(Loss) from Other Special Districts |
---|---|---|---|---|
2018 | ($24,000) | ($4,990,000) | ($1,477,000) | ($1,117,000) |
2019 | ($3,884,000) | ($59,285,000) | ($18,533,000) | ($13,986,000) |
2020 | ($46,441,000) | ($19,887,000) | ($19,373,000) | ($14,598,000) |
2021 | ($48,348,000) | ($21,296,000) | ($20,250,000) | ($15,237,000) |
2022 | ($50,350,000) | ($22,776,000) | ($21,167,000) | ($15,902,000) |
Source Agencies: | 304 Comptroller of Public Accounts
|
LBB Staff: | UP, SZ, SD, SJS
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