Texas 2019 - 86th Regular

Texas Senate Bill SB1161 Compare Versions

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

Old	New	Differences
1	1	86R4382 CJC-D
2	2	By: Kolkhorst S.B. No. 1161
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the determination of the total taxable value of
8	8	property in a school district under the property value study
9	9	conducted by the comptroller of public accounts.
10	10	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
11	11	SECTION 1. Sections 403.302(d) and (m), Government Code,
12	12	are amended to read as follows:
13	13	(d) For the purposes of this section, "taxable value" means
14	14	the market value of all taxable property less:
15	15	(1) the total dollar amount of any residence homestead
16	16	exemptions lawfully granted under Section 11.13(b) or (c), Tax
17	17	Code, in the year that is the subject of the study for each school
18	18	district;
19	19	(2) one-half of the total dollar amount of any
20	20	residence homestead exemptions granted under Section 11.13(n), Tax
21	21	Code, in the year that is the subject of the study for each school
22	22	district;
23	23	(3) the total dollar amount of any exemptions granted
24	24	before May 31, 1993, within a reinvestment zone under agreements
25	25	authorized by Chapter 312, Tax Code;
26	26	(4) subject to Subsection (e), the total dollar amount
27	27	of any captured appraised value of property that:
28	28	(A) is within a reinvestment zone created on or
29	29	before May 31, 1999, or is proposed to be included within the
30	30	boundaries of a reinvestment zone as the boundaries of the zone and
31	31	the proposed portion of tax increment paid into the tax increment
32	32	fund by a school district are described in a written notification
33	33	provided by the municipality or the board of directors of the zone
34	34	to the governing bodies of the other taxing units in the manner
35	35	provided by former Section 311.003(e), Tax Code, before May 31,
36	36	1999, and within the boundaries of the zone as those boundaries
37	37	existed on September 1, 1999, including subsequent improvements to
38	38	the property regardless of when made;
39	39	(B) generates taxes paid into a tax increment
40	40	fund created under Chapter 311, Tax Code, under a reinvestment zone
41	41	financing plan approved under Section 311.011(d), Tax Code, on or
42	42	before September 1, 1999; and
43	43	(C) is eligible for tax increment financing under
44	44	Chapter 311, Tax Code;
45	45	(5) the total dollar amount of any captured appraised
46	46	value of property that:
47	47	(A) is within a reinvestment zone:
48	48	(i) created on or before December 31, 2008,
49	49	by a municipality with a population of less than 18,000; and
50	50	(ii) the project plan for which includes
51	51	the alteration, remodeling, repair, or reconstruction of a
52	52	structure that is included on the National Register of Historic
53	53	Places and requires that a portion of the tax increment of the zone
54	54	be used for the improvement or construction of related facilities
55	55	or for affordable housing;
56	56	(B) generates school district taxes that are paid
57	57	into a tax increment fund created under Chapter 311, Tax Code; and
58	58	(C) is eligible for tax increment financing under
59	59	Chapter 311, Tax Code;
60	60	(6) the total dollar amount of any exemptions granted
61	61	under Section 11.251 or 11.253, Tax Code;
62	62	(7) the difference between the comptroller's estimate
63	63	of the market value and the productivity value of land that
64	64	qualifies for appraisal on the basis of its productive capacity,
65	65	except that the productivity value estimated by the comptroller may
66	66	not exceed the fair market value of the land;
67	67	(8) the portion of the appraised value of residence
68	68	homesteads of individuals who receive a tax limitation under
69	69	Section 11.26, Tax Code, on which school district taxes are not
70	70	imposed in the year that is the subject of the study, calculated as
71	71	if the residence homesteads were appraised at the full value
72	72	required by law;
73	73	(9) a portion of the market value of property not
74	74	otherwise fully taxable by the school district at market value
75	75	because of[:
76	76	[(A)] action required by statute or the
77	77	constitution of this state, other than Section 11.311, Tax Code,
78	78	that, if the tax rate adopted by the district is applied to it,
79	79	produces an amount equal to the difference between the tax that the
80	80	district would have imposed on the property if the property were
81	81	fully taxable at market value and the tax that the district is
82	82	actually authorized to impose on the property, if this subsection
83	83	does not otherwise require that portion to be deducted;
84	84	(9-a) the amount equal to one-half of the portion of
85	85	the market value of property not otherwise fully taxable by the
86	86	school district at market value because of [or
87	87	[(B)] action taken by the district under
88	88	Subchapter B or C, Chapter 313, Tax Code, before the expiration of
89	89	that [the] subchapter;
90	90	(10) the market value of all tangible personal
91	91	property, other than manufactured homes, owned by a family or
92	92	individual and not held or used for the production of income;
93	93	(11) the appraised value of property the collection of
94	94	delinquent taxes on which is deferred under Section 33.06, Tax
95	95	Code;
96	96	(12) the portion of the appraised value of property
97	97	the collection of delinquent taxes on which is deferred under
98	98	Section 33.065, Tax Code; and
99	99	(13) the amount by which the market value of a
100	100	residence homestead to which Section 23.23, Tax Code, applies
101	101	exceeds the appraised value of that property as calculated under
102	102	that section.
103	103	(m) Subsection (d)(9-a) [(d)(9)] does not apply to property
104	104	that was the subject of an application under Subchapter B or C,
105	105	Chapter 313, Tax Code, made after May 1, 2009, that the comptroller
106	106	recommended should be disapproved.
107	107	SECTION 2. The change in law made by this Act applies only
108	108	to the study conducted under Section 403.302, Government Code, for
109	109	a tax year that begins on or after January 1, 2020. The study for a
110	110	tax year that begins before that date is covered by the law in
111	111	effect immediately before the effective date of this Act, and the
112	112	prior law is continued in effect for that purpose.
113	113	SECTION 3. This Act takes effect September 1, 2019.