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Senate Bill 1979 |
Senate Author: Hughes et al. |
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Effective: Vetoed |
House Sponsor: Harris, Caroline |
Senate Bill 1979 amends the Education Code to require the Texas A&M University Real Estate Research Center to annually study and report on institutional buyers' purchases and sales of single-family homes in Texas. The bill sets out the information that must be compiled and requires the report to include a summary of that information, an assessment of any trends or patterns relating to the relative number of purchases by institutional buyers, and an analysis of institutional buyers' impact on housing costs and the advantages, if any, that institutional buyers have over individual buyers in the real estate market.
Governor's Reason for Veto: "While Senate Bill No. 1979 is important, it is simply not as important as cutting property taxes. At this time, the legislature must concentrate on delivering property tax cuts to Texans. This bill can be reconsidered at a future special session only after property tax relief is passed."