79R6668 SMH-D
By: Wentworth S.B. No. 767
A BILL TO BE ENTITLED
AN ACT
relating to the appraisal for ad valorem tax purposes of land
included in a habitat preserve and subject to a conservation
easement.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 23, Tax Code, is amended by
adding Section 23.225 to read as follows:
Sec. 23.225. APPRAISAL OF LAND INCLUDED IN HABITAT PRESERVE
AND SUBJECT TO CONSERVATION EASEMENT. (a) In this section,
"endangered species," "federal permit," and "habitat preserve"
have the meanings assigned by Section 83.011, Parks and Wildlife
Code.
(b) In appraising land that is included in a habitat
preserve and is subject to a conservation easement created under
Chapter 183, Natural Resources Code, or other law that restricts
the use of the land to protect an endangered species under a federal
permit, the chief appraiser shall consider the effect of the
restriction on the value of the land.
SECTION 2. This Act applies only to the appraisal of land
for a tax year beginning on or after the effective date of this Act.
SECTION 3. This Act takes effect January 1, 2006.