Bill Text: TX HB158 | 2021 | 87th Legislature 2nd Special Session | Introduced
Bill Title: Relating to a study of the desirability, feasibility, and effects of various measures to limit or reduce the burden of ad valorem taxes on property owners.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2021-08-11 - Filed [HB158 Detail]
Download: Texas-2021-HB158-Introduced.html
| 87S20550 SMH-D | ||
| By: Allison | H.B. No. 158 | |
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| relating to a study of the desirability, feasibility, and effects | ||
| of various measures to limit or reduce the burden of ad valorem | ||
| taxes on property owners. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. DEFINITION. In this Act, "commission" means the | ||
| Commission to Study Measures to Limit or Reduce Ad Valorem Taxes. | ||
| 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. (a) The commission shall conduct a study | ||
| of the desirability, feasibility, and effects of various measures | ||
| to limit or reduce the burden of ad valorem taxes on property | ||
| owners, including: | ||
| (1) 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; | ||
| (2) lowering the limitation in current law on annual | ||
| increases in the appraised value of residence homesteads or | ||
| expanding the applicability of the limitation to include a broader | ||
| class of real property, such as residential real property | ||
| generally; | ||
| (3) providing for additional exemptions from ad | ||
| valorem taxation of all or part of the appraised value of certain | ||
| classes of property, including homes purchased by first-time | ||
| homebuyers; | ||
| (4) limiting the total amount of ad valorem taxes that | ||
| a taxing unit may impose on property that an individual has owned | ||
| for a specified period; and | ||
| (5) increasing the state's share of the cost of funding | ||
| public education. | ||
| (b) In studying implementing the measures described by | ||
| Subsection (a) of this section, the commission shall consider: | ||
| (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 on the 91st day after the | ||
| last day of the legislative session. | ||
