By:  Cain                                             S.B. No. 1464
                                A BILL TO BE ENTITLED
                                       AN ACT
 1-1     relating to the appraisal of furniture, fixtures, and equipment for
 1-2     ad valorem tax purposes.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1.  Subchapter B, Chapter 23, Tax Code, is amended by
 1-5     adding Section 23.24 to read as follows:
 1-6           Sec. 23.24.  FURNITURE, FIXTURES, AND EQUIPMENT.  If real
 1-7     property is appraised by a method that takes into account the value
 1-8     of furniture, fixtures, and equipment in or on the real property,
 1-9     the furniture, fixtures, and equipment shall not be subject to
1-10     additional appraisal or taxation as personal property.
1-11           SECTION 2.  This Act takes effect September 1, 1999.
1-12           SECTION 3.  The importance of this legislation and the
1-13     crowded condition of the calendars in both houses create an
1-14     emergency and an imperative public necessity that the
1-15     constitutional rule requiring bills to be read on three several
1-16     days in each house be suspended, and this rule is hereby suspended.