COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION

FISCAL NOTE

LR No.: 1546-01

Bill No.: SB 526

Subject: Property Tax: Attorney Fees, Appeals

Type: Original

Date: March 7, 2003

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FISCAL SUMMARY

ESTIMATED NET EFFECT ON GENERAL REVENUE FUND
FUND AFFECTED	FY 2004	FY 2005	FY 2006
Total Estimated Net Effect on General Revenue Fund	$0	$0	$0

ESTIMATED NET EFFECT ON OTHER STATE FUNDS
FUND AFFECTED	FY 2004	FY 2005	FY 2006
Total Estimated Net Effect on Other State Funds	$0	$0	$0

Numbers within parentheses: ( ) indicate costs or losses.

This fiscal note contains 3 pages.

ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED	FY 2004	FY 2005	FY 2006
Total Estimated Net Effect on All Federal Funds	$0	$0	$0

ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED	FY 2004	FY 2005	FY 2006
Local Government	$0	$0	$0

FISCAL ANALYSIS

ASSUMPTION

Officials of the State Tax Commission assume no fiscal impact.

Officials of the Office of State Court Administrator assume no fiscal impact to the Courts.

Oversight assumes no fiscal impact to local government.

FISCAL IMPACT - State Government	FY 2004 (10 Mo.)	FY 2005	FY 2006
	$0	$0	$0

FISCAL IMPACT - Local Government	FY 2004 (10 Mo.)	FY 2005	FY 2006
	$0	$0	$0

FISCAL IMPACT - Small Business

Attorneys handling property tax appeals and charging a fee contingent upon the reduction of a client's tax liability would realize a loss of income.

DESCRIPTION

This act prohibits charging contingent attorney's fees based upon a reduction of a taxpayer tax liability in any property tax appeal to the board of equalization, the state tax commission or any court of this state.

This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.

SOURCES OF INFORMATION

State Tax Commission

Office of State Courts Administrator

Mickey Wilson, CPA

Director

March 7, 2003