87R10774 SMH-D
By: Allison H.B. No. 4206
A BILL TO BE ENTITLED
AN ACT
relating to a study of the desirability, feasibility, and effects
of limiting the appraised value of real property for ad valorem tax
purposes to the value when the owner acquired the property and
determining that value on the basis of the purchase price of the
property, if applicable.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. DEFINITION. In this section, "commission" means
the Real Property Appraisal Study Commission.
SECTION 2. COMPOSITION OF COMMISSION. The commission is
composed of nine members as follows:
(1) the comptroller of public accounts;
(2) two chief appraisers appointed by the comptroller
of public accounts, one of whom is employed by an appraisal district
established in an urban county and one of whom is employed by an
appraisal district established in a rural county;
(3) two members of the senate appointed by the
lieutenant governor;
(4) two members of the house of representatives
appointed by the speaker of the house of representatives; and
(5) two public members appointed by the governor.
SECTION 3. PRESIDING OFFICER. The comptroller of public
accounts is the presiding officer of the commission.
SECTION 4. MEETINGS. The commission shall meet at the call
of the presiding officer of the commission.
SECTION 5. STAFF. The staff of the office of the
comptroller of public accounts shall serve as the staff of the
commission.
SECTION 6. COMPENSATION; REIMBURSEMENT FOR EXPENSES. A
commission member is not entitled to receive compensation for
service on the commission but is entitled to reimbursement for
actual and necessary expenses, including travel expenses, incurred
by the member in performing commission duties.
SECTION 7. STUDY. The commission shall conduct a study of
the desirability, feasibility, and effects of limiting the
appraised value of real property for ad valorem tax purposes to the
value when the owner acquired the property and determining that
value on the basis of the purchase price of the property, if
applicable, including:
(1) the fairness of doing so;
(2) the effects of doing so on the overall tax burden
and the distribution of the tax burden;
(3) the effects of doing so on the real estate market;
and
(4) the statutory, constitutional, and administrative
changes that would be necessary to do so.
SECTION 8. REPORT. Not later than December 1, 2022, the
commission shall issue a report of the results of the study,
including any legislative recommendations, to the governor,
lieutenant governor, and speaker of the house of representatives.
SECTION 9. ABOLITION AND EXPIRATION. The commission is
abolished and this Act expires September 1, 2023.
SECTION 10. EFFECTIVE DATE. This Act takes effect
immediately if it receives a vote of two-thirds of all the members
elected to each house, as provided by Section 39, Article III, Texas
Constitution. If this Act does not receive the vote necessary for
immediate effect, this Act takes effect September 1, 2021.