1-1 By: Brown S.B. No. 485 1-2 (In the Senate - Filed February 6, 1997; February 11, 1997, 1-3 read first time and referred to Committee on Finance; 1-4 March 25, 1997, reported favorably by the following vote: Yeas 11, 1-5 Nays 0; March 25, 1997, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to the joint listing on an ad valorem tax appraisal roll 1-9 of separate interests in minerals in place. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. Subsection (b), Section 25.12, Tax Code, is 1-12 amended to read as follows: 1-13 (b) Separate interests in minerals in place, other than 1-14 interests having a taxable value of less than $500, shall be listed 1-15 jointly in the name of the operator designated with the railroad 1-16 commission or the name of all owners or any combination of owners 1-17 if the designated operator files with the appraisal office before 1-18 May 1 a written request for joint taxation on a form furnished for 1-19 that purpose. A qualification pursuant to this subsection for 1-20 joint taxation remains effective in subsequent tax years and need 1-21 not be requested again. However, the qualification ceases when the 1-22 designated operator files a request to cancel joint taxation. 1-23 SECTION 2. This Act takes effect January 1, 1998. 1-24 SECTION 3. The importance of this legislation and the 1-25 crowded condition of the calendars in both houses create an 1-26 emergency and an imperative public necessity that the 1-27 constitutional rule requiring bills to be read on three several 1-28 days in each house be suspended, and this rule is hereby suspended. 1-29 * * * * *