Bill Text: TX HB4206 | 2021-2022 | 87th Legislature | Introduced


Bill Title: 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.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2021-03-29 - Referred to Ways & Means [HB4206 Detail]

Download: Texas-2021-HB4206-Introduced.html
  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.
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