By:  Ellis                                             S.B. No. 785
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the additional tax imposed on open space or
    1-2  agricultural use land when a change in use of the land occurs.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Subsection (a), Section 23.55, Tax Code, is
    1-5  amended to read as follows:
    1-6        (a)  If the use of land that has been appraised as provided
    1-7  by this subchapter changes, an additional tax is imposed on the
    1-8  land equal to the difference between the taxes imposed on the land
    1-9  for each of the 10 <five> years preceding the year in which the
   1-10  change of use occurs that the land was appraised as provided by
   1-11  this subchapter and the tax that would have been imposed had the
   1-12  land been taxed on the basis of market value in each of those
   1-13  years, plus interest at an annual rate of seven percent calculated
   1-14  from the dates on which the differences would have become due.
   1-15        SECTION 2.  The importance of this legislation and the
   1-16  crowded condition of the calendars in both houses create an
   1-17  emergency and an imperative public necessity that the
   1-18  constitutional rule requiring bills to be read on three several
   1-19  days in each house be suspended, and this rule is hereby suspended.