NOTE:  As provided in LFC policy, this report is intended only for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used for other purposes.

 

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F I S C A L   I M P A C T   R E P O R T

 

 

 

SPONSOR:

Sanchez, M

 

DATE TYPED:

2/25/03

 

HB

 

 

SHORT TITLE:

Property Tax Bill Mailing & Due Dates

 

SB

796

 

 

ANALYST:

Neel

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

 

 

NFI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

LFC files

 

Responses Received From

Taxation and Revenue Department (TRD)

 

SUMMARY

 

     Synopsis of Bill

 

Senate Bill 796 amends statute to:

 

  • Require property tax bills be mailed no later than October 15th to tax payers, rather than the current November 1st; and

 

  • Require property tax payments are payable to the county treasure by October 25th rather than November 10th.

 

 FISCAL IMPLICATIONS

 

The proposed bill would impose no significant fiscal impacts on state or local funding sources.

 

SN/yr