BILL ANALYSIS AND FISCAL IMPACT REPORT	Page 1 of  1

DATE:  February 20, 2001	Submitted by: TAXATION AND REVENUE DEPT.
	T. GLENN ELLINGTON, SECRETARY
BILL NUMBER: HB-628 as amended by HTRC

SPONSOR:  Representative Miera

BILL SHORT TITLE: Amending the Property Tax Code to allow protests of valuation increases subject to limitation.

DESCRIPTION: The proposed measure would amend the Property Tax Code to make protest procedures applicable to recently enacted limitations on valuation increases.  HTRC amendment corrects a typo. 

EFFECTIVE DATE: not stated, assume 90 days following adjournment -- June 15, 2001. Provisions of the proposal would apply to the 2001 and subsequent property tax years.

FISCAL IMPACT: No significant impacts would be imposed on state or local funding sources due to enactment of the proposed legislation.

ADMINISTRATIVE IMPACT: No significant administrative impacts on the Department would result from passage of the proposed measure.

TECHNICAL ISSUES: Changes proposed by the proposed measure may be unnecessary. They are appropriate, however, because they make it clear that property owners may protest application of recent and potential future statutes limiting valuation increases.

OTHER ISSUES: none