Texas 2021 - 87th 1st C.S.

Texas House Bill HB105 Compare Versions

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

Old	New	Differences
1	1	By: Bernal H.B. No. 105
2	2
3	3
4	4	A BILL TO BE ENTITLED
5	5	AN ACT
6	6	relating to a study of the impact, feasibility, and advisability of
7	7	adopting a property tax system in which the disclosure of the sales
8	8	price of real property is required by law.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. (a) The comptroller shall conduct a study of the
11	11	impact, feasibility, and advisability of adopting a property tax
12	12	system in which the disclosure of the sales price of real property
13	13	is required by law.
14	14	(b) The comptroller shall establish an advisory committee
15	15	to assist the comptroller in conducting the study. The advisory
16	16	committee must be composed of:
17	17	(1) the following representatives appointed by the
18	18	comptroller:
19	19	(A) one representative of a school district that
20	20	is required to reduce its local revenue level under Section 48.257,
21	21	Education Code;
22	22	(B) one representative of a school district that
23	23	receives state aid under Chapter 48, Education Code;
24	24	(C) one member of a county commissioners court;
25	25	(D) one member of the governing body of a
26	26	municipality;
27	27	(E) one member of the governing body of a
28	28	political subdivision other than a school district, county, or
29	29	municipality;
30	30	(F) one or more representatives of appraisal
31	31	districts;
32	32	(G) one or more representatives of the profession
33	33	of real estate agents;
34	34	(H) one or more representatives of property tax
35	35	payers;
36	36	(I) one or more representatives of organizations
37	37	interested in the effect of public policy on low-income and
38	38	moderate-income households; and
39	39	(J) one or more representatives of other
40	40	appropriate interested organizations or members of the public, as
41	41	determined by the comptroller;
42	42	(2) one member of the house of representatives
43	43	appointed by the speaker of the house of representatives; and
44	44	(3) one member of the senate appointed by the
45	45	lieutenant governor.
46	46	(c) The comptroller, with the assistance of the advisory
47	47	committee, shall study:
48	48	(1) the impact on the property tax system, property
49	49	tax revenue of school districts and other taxing units, the
50	50	allocation of property tax burdens among taxpayers, and the cost to
51	51	the state to fund public education:
52	52	(A) under the current system in which the
53	53	disclosure of the sales price of real property is not required by
54	54	law; and
55	55	(B) under a system in which the disclosure of the
56	56	sales price of real property would be required by law;
57	57	(2) the statutory and administrative changes that
58	58	would be necessary to effectively collect, disseminate, and use
59	59	sales price information;
60	60	(3) the annual cost to purchase real property sales
61	61	price information from a private entity, such as a multiple listing
62	62	service, compared to the annual cost to obtain that information
63	63	under a system in which the disclosure of the sales price of real
64	64	property would be required by law; and
65	65	(4) the annual cost to appraisal districts of all
66	66	property tax protests and appeals filed under Chapters 41, 41A, and
67	67	42, Tax Code, and Subchapter Z, Chapter 2003, Government Code.
68	68	(d) In studying the allocation of property tax burdens among
69	69	taxpayers, the comptroller and the advisory committee must compare
70	70	the tax burden among property owners of each classification of real
71	71	property, including a comparison of the burden on owners of:
72	72	(1) commercial properties as compared to
73	73	single-family residential properties;
74	74	(2) industrial properties as compared to
75	75	single-family residential properties; and
76	76	(3) single-family residential properties for which
77	77	the sales price of the property is provided by a private entity,
78	78	such as a multiple listing service, to a chief appraiser for use by
79	79	the chief appraiser in determining the appraised value of the
80	80	property as compared to single-family residential properties for
81	81	which the sales price is not provided.
82	82	(e) The comptroller and the advisory committee shall
83	83	prepare a report that:
84	84	(1) makes findings and recommendations regarding the
85	85	issues studied under Subsection (c) of this section;
86	86	(2) forecasts the fiscal impact to state revenue for
87	87	the following three state fiscal bienniums under a system in which
88	88	the disclosure of the sales price of real property would be required
89	89	by law as compared to a system in which the sales price of real
90	90	property is not required by law; and
91	91	(3) lists each type of taxing unit that would be
92	92	impacted under a system in which the disclosure of the sales price
93	93	of real property would be required by law.
94	94	(f) The comptroller may contract with appraisal districts,
95	95	taxing units, or other appropriate entities for assistance and to
96	96	obtain information necessary to conduct the study. A state agency,
97	97	appraisal district, or taxing unit shall assist the comptroller if
98	98	the comptroller requests information or assistance in conducting
99	99	the study.
100	100	(g) Not later than December 1, 2022, the comptroller shall
101	101	submit to the governor, lieutenant governor, and speaker of the
102	102	house of representatives the report prepared under Subsection (e)
103	103	of this section.
104	104	SECTION 2. This Act expires September 1, 2023.
105	105	SECTION 3. This Act takes effect immediately if it receives
106	106	a vote of two-thirds of all the members elected to each house, as
107	107	provided by Section 39, Article III, Texas Constitution. If this
108	108	Act does not receive the vote necessary for immediate effect, this
109	109	Act takes effect on the 91st day after the last day of the
110	110	legislative session.