Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB2121 by Paul (Relating to the form of a rendition statement or property report used to render property for ad valorem tax purposes.), As Introduced
No fiscal implication to the State is anticipated.
This bill would amend Chapter 22 of the Tax Code, relating to Renditions and Other Reports, to add that a rendition or report can be filed on behalf of a property owner who is rendering tangible personal property used for the production of income that has an estimated market value of not more than $500,000 without requiring a sworn statement.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.