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 | |
|
|
||
|
|
||
| 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. | ||
