Texas Senate Bill SB1995

Texas 2021 - 87th Regular

Caption

Relating to the appraisal of land for ad valorem tax purposes on the basis of its productive capacity.

Impact

The implications of SB1995 are significant for property owners involved in agriculture, particularly those in the beekeeping sector. By amending the existing tax codes with clear qualifications for land utilized for raising bees, this legislation could promote more equitable tax assessments. Furthermore, it aims to encourage agricultural practices that support local ecosystems by providing financial incentives for beekeeping, which is essential for crop pollination and biodiversity.

Summary

SB1995 proposes amendments to the Texas Tax Code to reform the appraisal of land used for ad valorem tax purposes, specifically focusing on land utilized for beekeeping. This bill aims to adapt tax assessments to reflect the productive capacity of land utilized in agricultural practices, thus allowing landowners who engage in beekeeping to qualify for more beneficial tax appraisals. The introduction of specific standards for land appraisal based on its use to raise or keep bees is a notable element of this bill, establishing clear criteria for landowners seeking these qualifications.

Contention

The bill may provoke discussions among stakeholders in agricultural and environmental sectors regarding its implications for land use and tax equity. Proponents argue that these changes could help revitalize rural economies and support sustainable farming practices, while opponents might raise concerns about the challenges of monitoring compliance with the new standards and the potential for misuse of the appraisal criteria. The amendments also suggest a shift in fiscal priorities towards enhancing the agricultural sector's viability through favorable tax treatments.