By: Eltife S.B. No. 1662
(Otto)
A BILL TO BE ENTITLED
AN ACT
relating to expedited binding arbitration of appraisal review board
orders.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subsection (a), Section 41A.03, Tax Code, is
amended to read as follows:
(a) To appeal an appraisal review board order under this
chapter, a property owner must file with the appraisal district not
later than the 45th day after the date the property owner receives
notice of the order:
(1) a completed request for binding arbitration under
this chapter in the form prescribed by Section 41A.04; and
(2) an arbitration deposit made payable to the
comptroller in the amount of[:
[(A)] $500[; or
[(B) $250, if the property owner requests
expedited arbitration under Section 41A.031].
SECTION 2. Section 41A.031, Tax Code, is repealed.
SECTION 3. The change in law made by this Act does not apply
to an appeal of an appraisal review board order for which a request
is filed and a deposit is paid before the effective date of this
Act. An appeal of an appraisal review board order for which a
request is filed and a deposit is paid before the effective date of
this Act is governed by the law in effect immediately before that
date, and that law is continued in effect for that purpose.
SECTION 4. This Act takes effect January 1, 2014.