Texas 2017 - 85th Regular

Texas House Bill HB182 Compare Versions

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

Old	New	Differences
1	1	85R3348 TJB-D
2	2	By: Bernal H.B. No. 182
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to a study of the economic impact of requiring the
8	8	disclosure of the sales price of real property.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. (a) The comptroller shall conduct a study to
11	11	examine the impact that requiring disclosure of the sales price of
12	12	real property would have on the property tax system, property tax
13	13	revenues, the allocation of property tax burdens among taxpayers,
14	14	and the cost to the state to fund public education.
15	15	(b) The comptroller shall establish an advisory committee
16	16	to assist the comptroller in conducting the study. The advisory
17	17	committee must be composed of representatives of:
18	18	(1) school districts and other taxing units;
19	19	(2) appraisal districts;
20	20	(3) the profession of real estate agents;
21	21	(4) organizations interested in the effect of public
22	22	policy on low-income and moderate-income households;
23	23	(5) organizations representing property taxpayers;
24	24	and
25	25	(6) other appropriate interested organizations or
26	26	members of the public, as determined by the comptroller.
27	27	(c) The comptroller, with the assistance of the advisory
28	28	committee, shall study:
29	29	(1) the impact on the property tax system, property
30	30	tax revenues of school districts and other taxing units, the
31	31	allocation of property tax burdens among taxpayers, and the cost to
32	32	the state to fund public education:
33	33	(A) under the current system in which the
34	34	disclosure of the sales price of real property is not required by
35	35	law; and
36	36	(B) under a system in which the disclosure of the
37	37	sales price of real property would be required by law; and
38	38	(2) the statutory and administrative changes that
39	39	would be necessary to effectively collect, disseminate, and use
40	40	sales price information.
41	41	(d) In studying the allocation of property tax burdens among
42	42	taxpayers, the comptroller and the advisory committee must compare
43	43	the tax burden among property owners of each classification of real
44	44	property, including a comparison of the burden on owners of:
45	45	(1) commercial properties as compared to
46	46	single-family residential properties;
47	47	(2) industrial properties as compared to
48	48	single-family residential properties; and
49	49	(3) single-family residential properties for which
50	50	the sales price of the property is provided by a private entity,
51	51	such as a multiple listing service, to a chief appraiser for use by
52	52	the chief appraiser in determining the appraised value of the
53	53	property as compared to single-family residential properties for
54	54	which the sales price is not provided.
55	55	(e) The comptroller and the advisory committee shall
56	56	prepare a report that makes findings and recommendations regarding
57	57	the issues studied under Subsection (c) of this section.
58	58	(f) The comptroller may contract with appraisal districts,
59	59	taxing units, or other appropriate entities for assistance and to
60	60	obtain information necessary to conduct the study. A state agency,
61	61	appraisal district, or taxing unit shall assist the comptroller if
62	62	the comptroller requests information or assistance in conducting
63	63	the study.
64	64	(g) Not later than December 1, 2018, the comptroller shall
65	65	submit to the governor, lieutenant governor, and speaker of the
66	66	house of representatives the report prepared under Subsection (e)
67	67	of this section.
68	68	SECTION 2. This Act expires September 1, 2019.
69	69	SECTION 3. This Act takes effect immediately if it receives
70	70	a vote of two-thirds of all the members elected to each house, as
71	71	provided by Section 39, Article III, Texas Constitution. If this
72	72	Act does not receive the vote necessary for immediate effect, this
73	73	Act takes effect September 1, 2017.