| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to a study regarding sales price disclosure of real |
|
|
property. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. (a) The comptroller shall conduct a study to |
|
|
examine the impact that requiring disclosure of the sales price of |
|
|
real property would have on the property tax system, property tax |
|
|
revenues, and the allocation of property tax burdens among |
|
|
taxpayers. |
|
|
(b) The comptroller shall establish an advisory committee |
|
|
to assist the comptroller in conducting the study. The advisory |
|
|
committee must be composed of representatives of: |
|
|
(1) school districts and other taxing units; |
|
|
(2) appraisal districts; |
|
|
(3) the profession of real estate agents; |
|
|
(4) organizations interested in the effect of public |
|
|
policy on low-income and moderate-income households; |
|
|
(5) organizations representing property taxpayers; |
|
|
and |
|
|
(6) other appropriate interested organizations or |
|
|
members of the public, as determined by the comptroller. |
|
|
(c) The comptroller, with the assistance of the advisory |
|
|
committee, shall study: |
|
|
(1) the impact on the property tax system, property |
|
|
tax revenues, and the allocation of property tax burdens among |
|
|
taxpayers: |
|
|
(A) under the current system in which the |
|
|
disclosure of the sales price of real property is not required by |
|
|
law; and |
|
|
(B) under a system in which the disclosure of the |
|
|
sales price of real property would be required by law; and |
|
|
(2) the statutory and administrative changes that |
|
|
would be necessary to effectively collect, disseminate, and use |
|
|
sales price information. |
|
|
(d) The comptroller and the advisory committee shall |
|
|
prepare a report that makes findings and recommendations regarding |
|
|
the issues studied under Subsection (c) of this section. |
|
|
(e) The comptroller may contract with appraisal districts, |
|
|
taxing units, or other appropriate entities for assistance and to |
|
|
obtain information necessary to conduct the study. A state agency, |
|
|
appraisal district, or taxing unit shall assist the comptroller if |
|
|
the comptroller requests information or assistance in conducting |
|
|
the study. |
|
|
(f) Not later than December 1, 2012, the comptroller shall |
|
|
submit to the governor, lieutenant governor, and speaker of the |
|
|
house of representatives the report prepared under Subsection (d) |
|
|
of this section. |
|
|
SECTION 2. This Act expires September 1, 2013. |
|
|
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, 2011. |