By Brown                                         S.B. No. 485

      75R1062 SMH-D                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the joint listing on an ad valorem tax appraisal roll

 1-3     of separate interests in minerals in place.

 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-5           SECTION 1.  Section 25.12(b), Tax Code, is amended to read as

 1-6     follows:

 1-7           (b)  Separate interests in minerals in place, other than

 1-8     interests having a taxable value of less than $500, shall be listed

 1-9     jointly in the  name of the operator designated with the railroad

1-10     commission or the name of all owners or any combination of owners

1-11     if the designated operator files with the appraisal office before

1-12     May 1 a written request for joint taxation on a form furnished for

1-13     that purpose.  A qualification pursuant to this subsection for

1-14     joint taxation remains effective in subsequent tax years and need

1-15     not be requested again.  However, the qualification ceases when the

1-16     designated operator files a request to cancel joint taxation.

1-17           SECTION 2.  This Act takes effect January 1, 1998.

1-18           SECTION 3.  The importance of this legislation and the

1-19     crowded condition of the calendars in both houses create an

1-20     emergency and an imperative public necessity that the

1-21     constitutional rule requiring bills to be read on three several

1-22     days in each house be suspended, and this rule is hereby suspended.