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Amend HB 3454 by adding the following SECTIONS to the bill,
appropriately numbered, and renumbering existing SECTIONS
accordingly:
SECTION ____. Section 23.24, Tax Code, is amended to read as
follows:
Sec. 23.24. FURNITURE, FIXTURES, AND EQUIPMENT. (a) If
real property is appraised by a method that takes into account the
value of furniture, fixtures, and equipment in or on the real
property, the furniture, fixtures, and equipment shall not be
subject to additional appraisal or taxation as personal property.
(b) In determining the market value of the real property,
the chief appraiser may not separately appraise or take into
account any personal property valued as a portion of the income of
the real property, and the market value of the real property must
include the combined value of the real property and the personal
property.
SECTION ____. Section 23.014, Tax Code, is repealed.