| 1 | 1 | | 87S10261 DRS-D |
|---|
| 2 | 2 | | By: Rogers H.B. No. 287 |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | A BILL TO BE ENTITLED |
|---|
| 6 | 6 | | AN ACT |
|---|
| 7 | 7 | | relating to a study by Texas A&M University of the appraisal of |
|---|
| 8 | 8 | | agricultural land for ad valorem tax purposes. |
|---|
| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 10 | 10 | | SECTION 1. STUDY ON TAX APPRAISAL OF AGRICULTURAL LAND. (a) |
|---|
| 11 | 11 | | The president of Texas A&M University shall designate a department |
|---|
| 12 | 12 | | or entity at the university to conduct a study of the methods and |
|---|
| 13 | 13 | | procedures for appraising agricultural land for ad valorem tax |
|---|
| 14 | 14 | | purposes. |
|---|
| 15 | 15 | | (b) The study must consider the feasibility and effect of: |
|---|
| 16 | 16 | | (1) authorizing the comptroller of public accounts to |
|---|
| 17 | 17 | | accept actual agricultural production data, including data |
|---|
| 18 | 18 | | regarding expenses and income from production of crops and |
|---|
| 19 | 19 | | livestock, from an appraisal district in developing rules for the |
|---|
| 20 | 20 | | appraisal of agricultural land for ad valorem tax purposes; |
|---|
| 21 | 21 | | (2) determining net to land value by averaging the |
|---|
| 22 | 22 | | annual net income that a class of land would likely generate over a |
|---|
| 23 | 23 | | 10-year period; |
|---|
| 24 | 24 | | (3) requiring all of the production expenses incurred |
|---|
| 25 | 25 | | by a property owner and a tenant, regardless of whether the expenses |
|---|
| 26 | 26 | | are shared expenses between the property owner and the tenant, to be |
|---|
| 27 | 27 | | considered when appraising agricultural land; |
|---|
| 28 | 28 | | (4) requiring a person appraising agricultural land |
|---|
| 29 | 29 | | for taxation to have knowledge and experience in agricultural land |
|---|
| 30 | 30 | | valuation; and |
|---|
| 31 | 31 | | (5) requiring each appraisal review board to have |
|---|
| 32 | 32 | | equal membership from rural and non-rural areas. |
|---|
| 33 | 33 | | SECTION 2. REPORT. Not later than January 1, 2023, Texas |
|---|
| 34 | 34 | | A&M University shall submit a report on the results of the study to |
|---|
| 35 | 35 | | the lieutenant governor, the speaker of the house of |
|---|
| 36 | 36 | | representatives, and each standing committee of the legislature |
|---|
| 37 | 37 | | with jurisdiction over agricultural matters. |
|---|
| 38 | 38 | | SECTION 3. EXPIRATION. This Act expires September 1, 2023. |
|---|
| 39 | 39 | | SECTION 4. EFFECTIVE DATE. This Act takes effect |
|---|
| 40 | 40 | | immediately if it receives a vote of two-thirds of all the members |
|---|
| 41 | 41 | | elected to each house, as provided by Section 39, Article III, Texas |
|---|
| 42 | 42 | | Constitution. If this Act does not receive the vote necessary for |
|---|
| 43 | 43 | | immediate effect, this Act takes effect on the 91st day after the |
|---|
| 44 | 44 | | last day of the legislative session. |
|---|