Fiscal Note - SB 0368 - When Legal Description of Real Property Not to be Published
L.R. NO. 1508-03
BILL NO. Truly Agreed To And Finally Passed HCS for SB 368
SUBJECT: Taxation and Revenue: Property, Real
TYPE: Original
DATE: April 30, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Total Estimated
Net Effect on All
State Funds $0 $0 $0
ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Total Estimated
Net Effect on All
Federal Funds $0 $0 $0
ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Local Government Unknown Unknown Unknown
FISCAL ANALYSIS
ASSUMPTION
Officials of the State Tax Commission indicate that the proposal would save
counties money but can not estimate how much might be saved.
Oversight assumes that there would be test cases to explore the question of
whether the proposal would provide adequate notice to some delinquent
taxpayers, but assumes there would not be enough cases to affect state
courts.
FISCAL IMPACT - State Government FY 1998 FY 1999 FY 2000
0 0 0
FISCAL IMPACT - Local Government FY 1998 FY 1999 FY 2000
COUNTY COLLECTORS
Savings - Newspaper Notices Unknown Unknown Unknown
FISCAL IMPACT - Small Business
Small businesses which own parcels with assessed values of five hundred
dollars or less could be affected by this proposal.
DESCRIPTION
This proposal would allow county collectors to list certain parcels of land
with assessed values of five hundred dollars or less separately from other
parcels in newspaper notices of delinquent land sales. The list would not
include legal descriptions or names of record owners of the parcels. The
notice would state that legal descriptions and names of record owners would
be posted at the county courthouse and the office of the county collector.
This proposal contains an emergency clause.
SOURCES OF INFORMATION
State Tax Commission
This Fiscal Note is not an official copy and should not be quoted or cited.