By Nixon                                              S.B. No. 1641
         76R8918 GJH-F                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the appraisal of property for ad valorem tax purposes.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1.  Section 23.0101, Tax Code, is amended to read as
 1-5     follows:
 1-6           Sec. 23.0101. CONSIDERATION OF ALTERNATE APPRAISAL METHODS.
 1-7     In determining the market value of property, the chief appraiser
 1-8     shall consider the cost, income, and market data comparison methods
 1-9     of appraisal and use the [method the chief appraiser considers]
1-10     most appropriate method.
1-11           SECTION 2.  Section 23.013, Tax Code, is amended to read as
1-12     follows:
1-13           Sec. 23.013. MARKET DATA COMPARISON METHOD OF APPRAISAL.  If
1-14     the chief appraiser uses the market data comparison method of
1-15     appraisal to determine the market value of real property, the chief
1-16     appraiser shall use comparable sales data [if possible] and shall
1-17     adjust the comparable sales to the subject property.
1-18           SECTION 3.  This Act takes effect January 1, 2000, and
1-19     applies only to the appraisal of property for a tax year that
1-20     begins on or after that date.
1-21           SECTION 4.  The importance of this legislation and the
1-22     crowded condition of the calendars in both houses create an
1-23     emergency and an imperative public necessity that the
1-24     constitutional rule requiring bills to be read on three several
 2-1     days in each house be suspended, and this rule is hereby suspended.