Texas 2019 - 86th Regular

Texas House Bill HB185 Compare Versions

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

Old	New	Differences
1	1	86R1665 TJB-D
2	2	By: Bernal H.B. No. 185
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to a study of the impact, feasibility, and advisability of
8	8	adopting a property tax system in which the disclosure of the sales
9	9	price of real property is required by law.
10	10	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
11	11	SECTION 1. (a) The comptroller shall conduct a study of the
12	12	impact, feasibility, and advisability of adopting a property tax
13	13	system in which the disclosure of the sales price of real property
14	14	is required by law.
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:
18	18	(1) the following representatives appointed by the
19	19	comptroller:
20	20	(A) one representative of a school district that
21	21	is required to reduce its wealth per student under Chapter 41,
22	22	Education Code;
23	23	(B) one representative of a school district that
24	24	is entitled to state aid under Chapter 42, Education Code;
25	25	(C) one member of a county commissioners court;
26	26	(D) one member of the governing body of a
27	27	municipality;
28	28	(E) one member of the governing body of a
29	29	political subdivision other than a school district, county, or
30	30	municipality;
31	31	(F) one or more representatives of appraisal
32	32	districts;
33	33	(G) one or more representatives of the profession
34	34	of real estate agents;
35	35	(H) one or more representatives of property tax
36	36	payers;
37	37	(I) one or more representatives of organizations
38	38	interested in the effect of public policy on low-income and
39	39	moderate-income households; and
40	40	(J) one or more representatives of other
41	41	appropriate interested organizations or members of the public, as
42	42	determined by the comptroller;
43	43	(2) one member of the house of representatives
44	44	appointed by the speaker of the house of representatives; and
45	45	(3) one member of the senate appointed by the
46	46	lieutenant governor.
47	47	(c) The comptroller, with the assistance of the advisory
48	48	committee, shall study:
49	49	(1) the impact on the property tax system, property
50	50	tax revenue of school districts and other taxing units, the
51	51	allocation of property tax burdens among taxpayers, and the cost to
52	52	the state to fund public education:
53	53	(A) under the current system in which the
54	54	disclosure of the sales price of real property is not required by
55	55	law; and
56	56	(B) under a system in which the disclosure of the
57	57	sales price of real property would be required by law;
58	58	(2) the statutory and administrative changes that
59	59	would be necessary to effectively collect, disseminate, and use
60	60	sales price information;
61	61	(3) the annual cost to purchase real property sales
62	62	price information from a private entity, such as a multiple listing
63	63	service, compared to the annual cost to obtain that information
64	64	under a system in which the disclosure of the sales price of real
65	65	property would be required by law; and
66	66	(4) the annual cost to appraisal districts of all
67	67	property tax protests and appeals filed under Chapters 41, 41A, and
68	68	42, Tax Code, and Subchapter Z, Chapter 2003, Government Code.
69	69	(d) In studying the allocation of property tax burdens among
70	70	taxpayers, the comptroller and the advisory committee must compare
71	71	the tax burden among property owners of each classification of real
72	72	property, including a comparison of the burden on owners of:
73	73	(1) commercial properties as compared to
74	74	single-family residential properties;
75	75	(2) industrial properties as compared to
76	76	single-family residential properties; and
77	77	(3) single-family residential properties for which
78	78	the sales price of the property is provided by a private entity,
79	79	such as a multiple listing service, to a chief appraiser for use by
80	80	the chief appraiser in determining the appraised value of the
81	81	property as compared to single-family residential properties for
82	82	which the sales price is not provided.
83	83	(e) The comptroller and the advisory committee shall
84	84	prepare a report that:
85	85	(1) makes findings and recommendations regarding the
86	86	issues studied under Subsection (c) of this section;
87	87	(2) forecasts the fiscal impact to state revenue for
88	88	the following three state fiscal bienniums under a system in which
89	89	the disclosure of the sales price of real property would be required
90	90	by law as compared to a system in which the sales price of real
91	91	property is not required by law; and
92	92	(3) lists each type of taxing unit that would be
93	93	impacted under a system in which the disclosure of the sales price
94	94	of real property would be required by law.
95	95	(f) The comptroller may contract with appraisal districts,
96	96	taxing units, or other appropriate entities for assistance and to
97	97	obtain information necessary to conduct the study. A state agency,
98	98	appraisal district, or taxing unit shall assist the comptroller if
99	99	the comptroller requests information or assistance in conducting
100	100	the study.
101	101	(g) Not later than December 1, 2020, the comptroller shall
102	102	submit to the governor, lieutenant governor, and speaker of the
103	103	house of representatives the report prepared under Subsection (e)
104	104	of this section.
105	105	SECTION 2. This Act expires September 1, 2021.
106	106	SECTION 3. This Act takes effect immediately if it receives
107	107	a vote of two-thirds of all the members elected to each house, as
108	108	provided by Section 39, Article III, Texas Constitution. If this
109	109	Act does not receive the vote necessary for immediate effect, this
110	110	Act takes effect September 1, 2019.