By:  Nixon                                            S.B. No. 1641
                                A BILL TO BE ENTITLED
                                       AN ACT
 1-1     relating to the appraisal of property for ad valorem tax purposes.
 1-2           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-3           SECTION 1.  Section 23.0101, Tax Code, is amended to read as
 1-4     follows:
 1-5           Sec. 23.0101.  CONSIDERATION OF ALTERNATE APPRAISAL METHODS.
 1-6     In determining the market value of property, the chief appraiser
 1-7     shall consider the cost, income, and market data comparison methods
 1-8     of appraisal and use the [method the chief appraiser considers]
 1-9     most appropriate method.
1-10           SECTION 2.  Section 23.013, Tax Code, is amended to read as
1-11     follows:
1-12           Sec. 23.013.  MARKET DATA COMPARISON METHOD OF APPRAISAL.  If
1-13     the chief appraiser uses the market data comparison method of
1-14     appraisal to determine the market value of real property, the chief
1-15     appraiser shall use comparable sales data [if possible] and shall
1-16     adjust the comparable sales to the subject property.
1-17           SECTION 3.  This Act takes effect January 1, 2000, and
1-18     applies only to the appraisal of property for a tax year that
1-19     begins on or after that date.
1-20           SECTION 4.  The importance of this legislation and the
1-21     crowded condition of the calendars in both houses create an
1-22     emergency and an imperative public necessity that the
1-23     constitutional rule requiring bills to be read on three several
1-24     days in each house be suspended, and this rule is hereby suspended.