CS C.S.S.B. 1033 75(R)BILL ANALYSIS WAYS & MEANS C.S.S.B. 1033 By: Harris (Hawley) 5-8-97 Committee Report (Substituted) BACKGROUND Property that receives an agricultural appraisal under Chapter 23, Subchapter D, Tax Code (Appraisal of Agricultural Land), incurs a change of use penalty or "rollback" tax if it no longer qualifies for an agriculture exemption. Current law specifically excepts right-of-way transactions and condemnations from the rollback tax. These exceptions exist to insure that property owners are not penalized when their property is taken over for public use. These public use exceptions do not provide protection to property owners who donate or dedicate their property for public use, such as dedicating land for a city park. PURPOSE The bill exempts property, that is donated to this state to be used for a public purpose, from the change of use tax penalty. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency or institution. SECTION BY SECTION ANALYSIS SECTION 1.Amends Section 23.55(f), Tax Code (Change of Use of Land), to provide that a transfer of property to the state or a political subdivision of the state for a public purpose will not trigger the "rollback" tax. SECTION 2. Effective Date: January 1, 1998. SECTION 3.Emergency Clause. COMPARISON OF ORIGINAL TO SUBSTITUTE There are no substantial differences between the substitute and the original bill.