By: Earley H.B. No. 1735 73R5463 JD-D 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 required of a property 1-10 owner to correct, mitigate, or prevent a present or future injury 1-11 to the public health or safety or to the environment imposed on the 1-12 owner of real property by the United States, this state, or any 1-13 political subdivision of this state. 1-14 (b) In appraising real property that the chief appraiser 1-15 knows is subject to an environmental response requirement, the 1-16 estimated cost to the owner of the property to comply with the 1-17 environmental response requirement is an appropriate element and 1-18 shall be taken into consideration by the chief appraiser in 1-19 determining the market value of the property. 1-20 SECTION 2. The importance of this legislation and the 1-21 crowded condition of the calendars in both houses create an 1-22 emergency and an imperative public necessity that the 1-23 constitutional rule requiring bills to be read on three several 1-24 days in each house be suspended, and this rule is hereby suspended.