LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

April 8, 2019

TO:	Honorable Paul Bettencourt, Chair, Senate Committee on Property Tax
FROM:	John McGeady, Assistant Director     Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:	SB1430 by Hancock (Relating to clarifying certain terminology, including terminology applicable to tax rate calculations, in relation to the ad valorem tax system.), As Introduced

No fiscal implication to the State is anticipated.

The bill would amend several codes to change references to "rollback" tax rate to "voter approval" tax rate for taxing units.

The bill would not affect taxable property values, tax rates, collection rates, or any other variable that might affect the revenues of units of local governments or the state.

The bill would take effect January 1, 2020.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

304 Comptroller of Public Accounts

LBB Staff:

WP, KK, SD, SJS