BILL ANALYSIS S.B. 783 By: Ratliff State Affairs 4-11-95 Committee Report (Unamended) BACKGROUND Some lease agreements provide that the company leasing equipment is responsible for paying the property taxes on the equipment. However, the company leasing the property does not have the authority to protest the appraised value to the appraisal review board. Section 41.41, Tax Code, allows only a property owner or the owner's agent to protest the appraised value of the property. The lessee, who technically owns the property during the lease contract period, does not have the statutory authority to protest the value of the equipment being leased. PURPOSE As proposed, S.B. 783 authorizes a person leasing property who is required to reimburse the property owner for property taxes to protest or appeal an order of the appraisal review board. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Chapter 41C, Tax Code, by adding Section 41.413, as follows: Sec. 41.413. PROTEST BY PERSON LEASING PROPERTY. (a) Entitles a person leasing property who is contractually obligated to reimburse the property owner for property taxes to protest before the appraisal review board (board) a determination of the property's value if the owner does not file a protest. (b) Provides that a person bringing a protest is considered the property owner for purposes of the protest. Requires the board to deliver a copy of any notice relating to the protest and of the order determining the protest to the property owner and the person bringing the protest. (c) Requires the property owner to send to the person leasing the property a copy of any notice of the property's reappraisal. Failure of the owner to send a copy to the person leasing the property does not affect the time within which the person leasing the property may protest the appraised value. SECTION 2. Amends Chapter 42A, Tax Code, by adding Section 42.015, as follows: Sec. 42.015. APPEAL BY PERSON LEASING PROPERTY. (a) Entitles a person leasing property who is contractually obligated to reimburse the owner for property taxes to appeal an order of the board determining a protest brought by the person. (b) Provides that a person appealing a board order is considered the owner of the property for purposes of the appeal. Requires the chief appraiser to deliver a copy of any notice relating to the appeal to the property owner and to the person bringing the appeal. SECTION 3. Emergency clause. Effective date: upon passage.