LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
 
March 21, 2021

TO:
Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
 
FROM:
Jerry McGinty, Director, Legislative Budget Board
 
IN RE:
SB591 by Bettencourt (Relating to requirements for beneficial tax treatment related to a leasehold or other possessory interest in a public facility used to provide affordable housing.), As Introduced

No fiscal implication to the State is anticipated.

The bill would amend the Local Government Code to modify requirements for beneficial tax treatment related to a leasehold or other possessory interest in a public facility used to provide affordable housing.

Local Government Impact

The City of Houston anticipates a loss of $200,000 annual revenue to the city. According to the Comptroller of Public Accounts the bill could have a negative fiscal impact on other units of local environment with public facility corporations that provide multifamily residential units.


Source Agencies:
304 Comptroller of Public Accounts
LBB Staff:
JMc, AF, CMA, ANE