By: Otto, et al. (Senate Sponsor - Janek) H.B. No. 3492
         (In the Senate - Received from the House April 30, 2007;
  May 2, 2007, read first time and referred to Committee on Finance;
  May 17, 2007, reported favorably by the following vote:  Yeas 13,
  Nays 0; May 17, 2007, sent to printer.)
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the determination of the total taxable value of
  property in a school district under the property value study
  conducted by the comptroller of public accounts.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 403.302(b), Government Code, is amended
  to read as follows:
         (b)  In conducting the study, the comptroller shall
  determine the taxable value of property in each school district:
               (1)  using, if appropriate, samples selected through
  generally accepted sampling techniques;
               (2)  according to generally accepted standard
  valuation, statistical compilation, and analysis techniques; [and]
               (3)  ensuring that different levels of appraisal on
  sold and unsold property do not adversely affect the accuracy of the
  study; and
               (4)  ensuring that different levels of appraisal
  resulting from protests determined under Section 41.43, Tax Code,
  are appropriately adjusted in the study.
         SECTION 2.  The change in law made by this Act applies only
  to the annual study conducted under Section 403.302, Government
  Code, as amended by this Act, to determine taxable value for a tax
  year that begins on or after January 1, 2007. The annual study to
  determine taxable value for a tax year that begins before that date
  is covered by the law in effect immediately before the effective
  date of this Act, and the prior law is continued in effect for that
  purpose.
         SECTION 3.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2007.
 
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