SRC-ARR S.B. 1481 76(R) BILL ANALYSIS Senate Research Center S.B. 1481 76R562 JD-DBy: Haywood Natural Resources 4/14/1999 As Filed DIGEST Currently, appraisals for ad valorem taxation on agricultural land were determined using a certain formula, if the land was taken out of agricultural production and put it into commercial use. S.B. 1481 does away with the interest only, on roll-back taxes for land being sold and taken out of agricultural use. PURPOSE As proposed, S.B. 1481 regulates the appraisal of agricultural land for ad valorem taxation. RULEMAKING AUTHORITY This bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Sections 23.46(c) and (d), Tax Code, to delete a provision requiring interest at the rate provided for delinquent taxes, if land that has been designated for agricultural use in any year is sold or diverted to a nonagricultural use. Deletes text regarding interest if the owner does not file a timely protest or if the final determination of the protest is that the additional taxes are due, the assessor for each taxing unit prepares and delivers a bill for the additional taxes. Deletes text regarding interest when taxes are due. Makes a conforming change, SECTION 2. Amends Sections 23.47(c) and (d), Tax Code, to make conforming changes. SECTION 3. Amends Sections 23.55(a), (b), and (e), Tax Code, to delete text regarding interest at an annual rate of seven percent, if the use of land that has been appraised as provided by this subchapter has been changed. Makes conforming changes. SECTION 4. Amends Section 23.58(c) and (d), Tax Code, to make conforming changes. SECTION 5. Makes application of this Act prospective. SECTION 6. Emergency clause. Effective date: upon passage.