By: Patrick	S.B. No. 1256
	(In the Senate - Filed March 6, 2013; March 13, 2013, read
	first time and referred to Committee on Finance; April 9, 2013,
	reported adversely, with favorable Committee Substitute by the
	following vote:  Yeas 14, Nays 0; April 9, 2013, sent to printer.)
	COMMITTEE SUBSTITUTE FOR S.B. No. 1256	By:  Hegar

	A BILL TO BE ENTITLED
	AN ACT
	relating to the requirements for a sale to be considered a
	comparable sale for ad valorem tax purposes.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Section 23.013, Tax Code, is amended by adding
	Subsection (b-1) to read as follows:
	(b-1)  Notwithstanding Subsection (b), for a residential
	property in a county with a population of more than 150,000, a sale
	is not considered to be a comparable sale unless the sale occurred
	within 36 months of the date as of which the market value of the
	subject property is to be determined, regardless of the number of
	comparable properties sold during that period.
	SECTION 2.  This Act applies only to the appraisal of
	property for a tax year beginning on or after the effective date of
	this Act.
	SECTION 3.  This Act takes effect January 1, 2014.
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