By Earley H.B. No. 1735 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the appraisal of certain property for ad valorem tax 1-3 purposes. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter B, Chapter 23, Tax Code, is amended by 1-6 adding Section 23.14 to read as follows: 1-7 Sec. 23.14. APPRAISAL OF PROPERTY SUBJECT TO ENVIRONMENTAL 1-8 RESPONSE REQUIREMENT. (a) In this section, "environmental 1-9 response requirement" means remedial action by a property owner to 1-10 correct, mitigate, or prevent a present or future air, water, or 1-11 land pollution. 1-12 (b) In appraising real property that the chief appraiser 1-13 knows is subject to an environmental response requirement, the 1-14 present value of the estimated cost to the owner of the property of 1-15 the environmental response requirement is an appropriate element 1-16 that reduces market value and shall be taken into consideration by 1-17 the chief appraiser in determining the market value of the 1-18 property. 1-19 SECTION 2. The importance of this legislation and the 1-20 crowded condition of the calendars in both houses create an 1-21 emergency and an imperative public necessity that the 1-22 constitutional rule requiring bills to be read on three several 1-23 days in each house be suspended, and this rule is hereby suspended.