Texas 2015 - 84th Regular

Texas House Bill HB3470 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	84R11757 TJB/CJC-F
2	2	By: Bonnen of Brazoria H.B. No. 3470
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to ad valorem taxation.
8	8	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
9	9	SECTION 1. Section 140.010(f), Local Government Code, is
10	10	amended to read as follows:
11	11	(f) A county or municipality shall:
12	12	(1) provide the notice required by Subsection (d) or
13	13	(e), as applicable, not later than the later of September 1 or the
14	14	30th day after the date the certified appraisal roll is received by
15	15	the taxing unit by:
16	16	(A) publishing the notice in a newspaper having
17	17	general circulation in:
18	18	(i) the county, in the case of notice
19	19	published by a county; or
20	20	(ii) the county in which the municipality
21	21	is located or primarily located, in the case of notice published by
22	22	a municipality; or
23	23	(B) mailing the notice to each property owner in:
24	24	(i) the county, in the case of notice
25	25	provided by a county; or
26	26	(ii) the municipality, in the case of
27	27	notice provided by a municipality; and
28	28	(2) post the notice on the Internet website of the
29	29	county or municipality, if applicable, beginning not later than the
30	30	later of September 1 or the 30th day after the date the certified
31	31	appraisal roll is received by the taxing unit and continuing until
32	32	the county or municipality adopts a tax rate.
33	33	SECTION 2. Section 11.131(c), Tax Code, is amended to read
34	34	as follows:
35	35	(c) The surviving spouse of a disabled veteran who qualified
36	36	for an exemption under Subsection (b) when the disabled veteran
37	37	died, or of a disabled veteran who would have qualified for an
38	38	exemption under that subsection if that subsection had been in
39	39	effect on the date the disabled veteran died, is entitled to an
40	40	exemption from taxation of the total appraised value of the same
41	41	property to which the disabled veteran's exemption applied, or to
42	42	which the disabled veteran's exemption would have applied if the
43	43	exemption had been authorized on the date the disabled veteran
44	44	died, if:
45	45	(1) the surviving spouse has not remarried since the
46	46	death of the disabled veteran; and
47	47	(2) the property:
48	48	(A) was the residence homestead of the surviving
49	49	spouse when the disabled veteran died; and
50	50	(B) remains the residence homestead of the
51	51	surviving spouse.
52	52	SECTION 3. Subchapter B, Chapter 11, Tax Code, is amended by
53	53	adding Section 11.35 to read as follows:
54	54	Sec. 11.35. INVENTORY. A person is entitled to an exemption
55	55	from taxation by a school district of 10 percent of the appraised
56	56	value of that portion of the tangible personal property the person
57	57	owns that consists of inventory for which the person is not
58	58	otherwise entitled to an exemption from taxation.
59	59	SECTION 4. Section 23.014, Tax Code, is amended to read as
60	60	follows:
61	61	Sec. 23.014. EXCLUSION OF PROPERTY AS REAL PROPERTY.
62	62	Except as provided by Section 23.24(b), in determining the market
63	63	value of real property, the chief appraiser shall analyze the
64	64	effect on that value of, and exclude from that value the value of,
65	65	any:
66	66	(1) tangible personal property, including:
67	67	(A) a trade fixture [fixtures]; or
68	68	(B) a vent hood installed in a restaurant
69	69	kitchen;
70	70	(2) intangible personal property; or
71	71	(3) other property that is not subject to appraisal as
72	72	real property.
73	73	SECTION 5. This Act applies only to an ad valorem tax year
74	74	that begins on or after the effective date of this Act.
75	75	SECTION 6. (a) Except as provided by Subsections (b) and (c)
76	76	of this section, this Act takes effect January 1, 2016.
77	77	(b) Section 11.131(c), Tax Code, as amended by this Act,
78	78	takes effect January 1, 2016, but only if a constitutional
79	79	amendment authorizing the legislature to provide for an exemption
80	80	from ad valorem taxation of all or part of the market value of the
81	81	residence homestead of the surviving spouse of a 100 percent or
82	82	totally disabled veteran who died before the law authorizing a
83	83	residence homestead exemption for such a veteran took effect is
84	84	approved by the voters. If such an amendment is not approved by the
85	85	voters, Section 11.131(c), Tax Code, as amended by this Act, has no
86	86	effect.
87	87	(c) Section 11.35, Tax Code, as added by this Act, takes
88	88	effect January 1, 2016, but only if a constitutional amendment
89	89	authorizing the legislature to exempt from ad valorem taxation by
90	90	one or more political subdivisions all or part of the market value
91	91	of the tangible personal property a person owns that consists of
92	92	inventory is approved by the voters. If such an amendment is not
93	93	approved by the voters, Section 11.35, Tax Code, as added by this
94	94	Act, has no effect.