Texas 2017 - 85th Regular

Texas Senate Bill SB1514 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		By: Estes S.B. No. 1514
2		-	(Darby)
3	2
4	3
5	4		A BILL TO BE ENTITLED
6	5		AN ACT
7	6		relating to the eligibility of land to continue to be appraised for
8	7		ad valorem tax purposes as qualified open-space land if the land
9	8		begins to be used for oil and gas operations.
10	9		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
11	10		SECTION 1. Subchapter D, Chapter 23, Tax Code, is amended by
12	11		adding Section 23.524 to read as follows:
13	12		Sec. 23.524. OIL AND GAS OPERATIONS ON LAND. The
14	13		eligibility of land for appraisal under this subchapter does not
15	14		end because a lessee under an oil and gas lease begins conducting
16	15		oil and gas operations over which the Railroad Commission of Texas
17	16		has jurisdiction on the land if the portion of the land on which oil
18	17		and gas operations are not being conducted otherwise continues to
19	18		qualify for appraisal under this subchapter.
20	19		SECTION 2. The change in law made by this Act does not
21	20		affect an additional tax imposed as a result of a change of use of
22	21		land appraised under Subchapter D, Chapter 23, Tax Code, that
23	22		occurred before the effective date of this Act.
24	23		SECTION 3. This Act takes effect on the date on which the
25	24		constitutional amendment proposed by the 85th Legislature, Regular
26	25		Session, 2017, authorizing the legislature to provide that the
27	26		eligibility of open-space land for ad valorem taxation on the basis
28	27		of its productive capacity does not end because an oil and gas
29	28		lessee begins conducting oil and gas operations on the land if the
30	29		land otherwise continues to be devoted to farm, ranch, or wildlife
31	30		management purposes or timber production is approved by the voters.
32	31		If that amendment is not approved by the voters, this Act has no
33	32		effect.