Texas 2021 - 87th Regular

Texas House Bill HB4206 Compare Versions

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

Old	New	Differences
1	1	87R10774 SMH-D
2	2	By: Allison H.B. No. 4206
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to a study of the desirability, feasibility, and effects
8	8	of limiting the appraised value of real property for ad valorem tax
9	9	purposes to the value when the owner acquired the property and
10	10	determining that value on the basis of the purchase price of the
11	11	property, if applicable.
12	12	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
13	13	SECTION 1. DEFINITION. In this section, "commission" means
14	14	the Real Property Appraisal Study Commission.
15	15	SECTION 2. COMPOSITION OF COMMISSION. The commission is
16	16	composed of nine members as follows:
17	17	(1) the comptroller of public accounts;
18	18	(2) two chief appraisers appointed by the comptroller
19	19	of public accounts, one of whom is employed by an appraisal district
20	20	established in an urban county and one of whom is employed by an
21	21	appraisal district established in a rural county;
22	22	(3) two members of the senate appointed by the
23	23	lieutenant governor;
24	24	(4) two members of the house of representatives
25	25	appointed by the speaker of the house of representatives; and
26	26	(5) two public members appointed by the governor.
27	27	SECTION 3. PRESIDING OFFICER. The comptroller of public
28	28	accounts is the presiding officer of the commission.
29	29	SECTION 4. MEETINGS. The commission shall meet at the call
30	30	of the presiding officer of the commission.
31	31	SECTION 5. STAFF. The staff of the office of the
32	32	comptroller of public accounts shall serve as the staff of the
33	33	commission.
34	34	SECTION 6. COMPENSATION; REIMBURSEMENT FOR EXPENSES. A
35	35	commission member is not entitled to receive compensation for
36	36	service on the commission but is entitled to reimbursement for
37	37	actual and necessary expenses, including travel expenses, incurred
38	38	by the member in performing commission duties.
39	39	SECTION 7. STUDY. The commission shall conduct a study of
40	40	the desirability, feasibility, and effects of limiting the
41	41	appraised value of real property for ad valorem tax purposes to the
42	42	value when the owner acquired the property and determining that
43	43	value on the basis of the purchase price of the property, if
44	44	applicable, including:
45	45	(1) the fairness of doing so;
46	46	(2) the effects of doing so on the overall tax burden
47	47	and the distribution of the tax burden;
48	48	(3) the effects of doing so on the real estate market;
49	49	and
50	50	(4) the statutory, constitutional, and administrative
51	51	changes that would be necessary to do so.
52	52	SECTION 8. REPORT. Not later than December 1, 2022, the
53	53	commission shall issue a report of the results of the study,
54	54	including any legislative recommendations, to the governor,
55	55	lieutenant governor, and speaker of the house of representatives.
56	56	SECTION 9. ABOLITION AND EXPIRATION. The commission is
57	57	abolished and this Act expires September 1, 2023.
58	58	SECTION 10. EFFECTIVE DATE. This Act takes effect
59	59	immediately if it receives a vote of two-thirds of all the members
60	60	elected to each house, as provided by Section 39, Article III, Texas
61	61	Constitution. If this Act does not receive the vote necessary for
62	62	immediate effect, this Act takes effect September 1, 2021.