1-1 By: Hope (Senate Sponsor - Nixon) H.B. No. 958
1-2 (In the Senate - Received from the House April 26, 1999;
1-3 April 27, 1999, read first time and referred to Committee on
1-4 Finance; May 10, 1999, reported favorably by the following vote:
1-5 Yeas 10, Nays 0; May 10, 1999, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to the additional tax imposed if the use of land appraised
1-9 for ad valorem tax purposes as timberland changes.
1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11 SECTION 1. Section 23.76(f), Tax Code, is amended to read as
1-12 follows:
1-13 (f) The sanctions provided by Subsection (a) [of this
1-14 section] do not apply if the change of use occurs as a result of:
1-15 (1) a sale for right-of-way; [or]
1-16 (2) a condemnation; or
1-17 (3) a transfer of the land to this state or a
1-18 political subdivision of this state to be used for a public
1-19 purpose.
1-20 SECTION 2. The change in law made by this Act applies only
1-21 to a change of use of timberland that occurs on or after the
1-22 effective date of this Act. A change of use of timberland that
1-23 occurred before the effective date of this Act is governed by the
1-24 law in effect immediately before the change of use occurred, and
1-25 that law is continued in effect for that purpose.
1-26 SECTION 3. The importance of this legislation and the
1-27 crowded condition of the calendars in both houses create an
1-28 emergency and an imperative public necessity that the
1-29 constitutional rule requiring bills to be read on three several
1-30 days in each house be suspended, and this rule is hereby suspended,
1-31 and that this Act take effect and be in force from and after its
1-32 passage, and it is so enacted.
1-33 * * * * *