HOUSE BILL 1552 |
HOUSE AUTHOR: Craddick et al. |
EFFECTIVE: 01-01-00 |
SENATE SPONSOR: Brown, J. E. "Buster" |
House Bill 1552 affects a pool or unitized mineral interest that is appraised for property tax purposes by multiple appraisal districts. It amends the Tax Code to provide that if the mineral interest is produced at one or more production sites in a single county, the appraisal review board (ARB) in that county must determine any appraisal value protest before another ARB may hold a protest hearing. If the mineral interest is produced at two or more production sites in multiple counties, and at least two-thirds of the interest is located in the county of one of the appraisal districts, that appraisal district's ARB must determine any protest before another ARB may hold a protest hearing. Any ARB determination contrary to this procedure is void.